Ignazio Visco: Education in the digital world

Opening speech by Mr Ignazio Visco, Governor of the Bank of Italy, at the Centesimus Annus Pro Pontifice Foundation - Seventh Consultation Meeting "Ethos, Education and Training: Avenues toward equality and ethical behaviours in the digital era", Catholic University of the Sacred Heart, Milan, 31 January 2020.

Central bank speech  | 
03 February 2020
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Let me first thank the Centesimus Annus Pro Pontifice Foundation for organising this meeting and its President, my former colleague Anna Maria Tarantola, for her kind invitation. In this talk, I will first describe the main changes that are taking place in the global economy, focusing on their consequences for employment and work opportunities. I will then discuss the role of education in responding to these changes.

Over the past 30 years, the world has undergone a radical transformation driven by two main phenomena. The first is technological progress, with the innovations developed in the information and communications sector in the 1990s and, more recently, with the so-called digital revolution. The second is that this process has taken place in the context of a progressive globalisation, i.e. the liberalisation of international trade in goods, services and financial capital, which is being accompanied by strong growth in the cross-country movements of information, ideas and people.