Ignazio Visco: Building human capital for 21st century jobs

Welcome address by Mr Ignazio Visco, Governor of the Bank of Italy, at the 1st Bank of Italy-World Bank International Research Workshop "Building Human Capital for 21st Century Jobs", Rome, 15 November 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

World Bank on "Building human capital for 21st century jobs".

In the last 25 years the world has been profoundly transformed by rapid technological advancements, the globalization of trade and production processes, demographic trends and intense migration flows. By their very nature, these factors intrinsically spread beyond individual national borders and, therefore, require the support of renewed international and multilateral coordination. No single country can successfully conquer these challenges alone. This makes cooperation a key element for the promotion of sustainable growth and the boosting of shared prosperity. And this enhances the role played by international institutions, as well as their responsibilities.