HANOI, Sept. 12 -- Leaders of ASEAN (Association of Southeast Asian Nations) members gathered here on Wednesday for the 2018 World Economic Forum on ASEAN, stressing the importance of fully tapping the Fourth Industrial Revolution for socioeconomic development.
"Digitalization has become a new growth catalyst," Cambodian Prime Minister Samdech Techo Hun Sen said, adding that the technological frontier will create many positive changes.
To tap great potential of the Fourth industrial revolution and minimize its potential negative impact, the Cambodian prime minister proposed ASEAN countries enhance quality of education and training, sharpen skills of laborers and entrepreneurs, seek innovations, introduce new business models, and improve hard and soft infrastructure, especially their regional connectivity capabilities.
Indonesian President Joko Widodo said people should not be afraid of having smaller incomes or losing jobs due to automation, because the revolution will help increase productivity and efficiency, lower production cost of goods and services, and utilize both natural and human resources more effectively.
"As our economies develop, they are driven increasingly not by natural resources, which are limited, but human talent, which is unlimited," Widodo said.
Meanwhile, Lao Prime Minister Thongloun Sisoulith proposed developing the ASEAN into a region of innovation with high competitiveness, better information and communication technology infrastructure, quicker trade and investment facilitation, and narrower science and technology gaps among members.
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