The digital economy and the human being

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Date: 20 - 11 - 2018

It is natural to find that all countries and governments desire economic and scientific excellence, and that they meet the sustainable development agenda so that the quality of human life is improved, prosperity, security and tranquility prevail, and the concern about scarcity of resources and the danger of competition over them is removed. Limited to deception and stubbornness to a minimum

The most important obstacle that hinders the capabilities of governments in the countries of the world in general and in the Arab region in particular is the dilemma of shortness of hands and the inability of their budgets and economic capabilities to meet the need for exchange and financing for the projects to be launched. percent?

If we surrender to this saying so easily, then there must be a necessity and inevitability to move towards a catastrophe in the future when resources are depleted, poverty and disease spread and conflicts intensify, and this is what we explained earlier – in the first article – as civilization is heading for a deepening and historical crisis in the scarcity of resources, especially some of the resources necessary for the continuation of life on earth. The percentage of oxygen is likely to emerge as a crisis that will enter that equation in the future, as well as the consequences of high temperatures and other health crises.And certainly this is not what we are heading for, as there is a strong glimmer of hope that is growing day by day to become the solution – and as the poet said, “and treat it with the way that was the disease” – and since the first industrial revolution was the starting spark for all these repercussions and environmental and spatial deterioration, which It has harmed land, sea, humans and animals alike. The highly advanced technological capabilities that emerged with the Fourth Industrial Revolution carry with it the vital seed necessary to re-grow life on the surface of this planet that has been afflicted by its inhabitants. What are the main signs heralded by the Fourth Industrial Revolution and technological capabilities The next one, which we believe will be the main possibility of the Fifth Industrial Revolution, and whose main orientation will be reconciliation with nature, which is what we predict from now, and perhaps it will be within the next fifty years.Which we believe will be the main possibility of the Fifth Industrial Revolution, and whose main direction will be reconciliation with nature, which is what we predict from now, and perhaps it will be within the next fifty years.Which we believe will be the main possibility of the Fifth Industrial Revolution, and whose main direction will be reconciliation with nature, which is what we predict from now, and perhaps it will be within the next fifty years.

The most important characteristic of the Fourth Industrial Revolution is the smart digital management, if this term is correct as a large title, as in this concept, the machine, that is, digital computers connected to the high-speed Internet and the associated networks, devices, even engines, cars and robots, will be able to learn, act intelligently and make appropriate decisions, and we would like here Referring to one of the most important transformations currently taking place that has emerged on the scene, which is our entry into the era of the digital economy, which provides many tools, mechanisms, administrative guarantees and legal governance for investors and dealers, which will push towards answering the difficult and recurring question about where are the resources and how do we finance sustainable development projects

Recent studies indicate that small and micro companies working in the field of financing technology (Fintech) will intervene within ten years in the management system of half the volume of money traded in the world, which changes the rules of the game radically and shakes the thrones of large and medium banks and forces them immediately to take calculated risk and invest in innovation and development, including acquisition Small innovative companies that offer new and revolutionary inventions in the field of finance technology, and this competition will inevitably lead towards pumping more safe investments into the arteries of the economy and the gradual elimination of the hidden parallel economy and realizing the dream of financial inclusion, which means that the state possesses an economic power that was not available and will join thanks to this The mechanisms and the accompanying legislative, technical and knowledge revolution for the current power of the state provide a very eloquent answer to the question: How do we finance sustainable development projects?

Not only the above, but modern technology will provide a supportive, strong and essential hand, and a practical demonstration of how to implement the initiatives of the seventeen sustainable development goals approved by the United Nations. Which threatens their health and lives, such as mine work, for example, fishing in the high seas, or the role of genomics and nanosciences in finding new treatments for many incurable diseases, and artificial intelligence will have a new role in diagnosing and treating accurately and ensuring equality and justice in providing treatment service

And last but not least, the current development in the means of extracting and storing energy is doubling annually, both in terms of accuracy and efficiency, and at the level of low production cost. This point will represent the peak of the transformation in the coming era, where it will be possible to provide clean energy that is environmentally friendly, cheap and affordable and which will enable the implementation of all other projects as long as they are available energy

Welcome to the fourth industrial revolution and we are waiting for the fifth, whose biggest title will be the victory of nature, God willing

Dr..Eng. Ali Mohamed El Khouri

Advisor to the Council of Arab Economic Unity and President of the Arab Federation for Digital Economy