Recognise disruption as a positive force, world politicians tell Global Manufacturing and Industrialisation Summit

ABU DHABI, 29th March, 2017 (WAM)– The power and potential of disruption on global trade patterns, employment trends and political dynamics, and the need to recognise disruption as a positive force were among topics addressed by four representatives from global governments during a wide-ranging panel discussion on day one of the Global Manufacturing and Industrialisation Summit (GMIS 2017) taking place in the UAE capital.

“Our decisive recipe for economic success was to always say yes. If we [Germany] had denied manufacturing, then we would still be very, very poor. We have a strong, healthy German economy because of all these conditions, and also why my first commitment, in regards to the fact of globalisation and digitalisation, what we call disruption, is to say yes � never try to avoid all of these. Say a clear yes, and try to shape it as far as necessary, but also from a political point of view only interfere as much as needed. The word disruption might cause fear because it’s a negative notion; we should replace the word ‘disruption’ with digital opportunities,” said Dr. Peter Ramsauer, Member of the German Bundestag, Chairman of the Committee on Economic Affairs and Energy, and former Federal Minister of transport, Building and Urban Development.

The panel, titled ‘Harnessing the Power of Disruption � Strategic Policymaking for a New Industrial Revolution’, was moderated by Simon Baptist, Global Chief Economist, EIU, The Economist. In addition to Ramsauer, Baptist was joined on stage by Rogelio Garza Garza, Undersecretary of Industry and Commerce, Mexico; Jerzy Kwiecinski, Secretary of State, at the Ministry of Economic Development, Poland, and Airlangga Hartarto, Minister of Industry, Indonesia.

Speaking on the trends in manufacturing and supply chain in Mexico and on a global scale, Jose Rogelio Garza Garza said, “Disruptive technologies have and will continue to change the different patterns of production and trade, and we need to work with this. The big challenge of this is how to work with human capital, and with small and medium enterprises. Governments need to understand in order to apply policies. If you can understand the level of adoption of technologies in SMEs, we can define the policy to support these small businesses to enable them to adapt Fourth Industrial Revolution technologies.”

“We are living in a changing world,” said Jerzy Kwiecinski, looking ahead to the trends that will shape industry in the future. “We have to decide if we treat this new change as a threat to our economies, or as a chance. What we have to do, as politicians, is make a proper diagnosis of the situation in order to ensure it has maximum benefit for our economy and society.”

“Manufacturing accounts for almost one third of our economy. If you take manufacturing’s auxiliary services into account, then this will show you that almost half of the economy will be directly or indirectly effected by manufacturing. Additionally, manufacturing and the industrial sector accounts for two thirds of innovation, and what is even more important is the high value added, because as we want other people to earn more, we have to look for jobs that get value added.”

Airlangga Hartarto, discussing the ways in which small and medium enterprises (SMEs) can take advantage of often expensive fourth industrial revolution technologies, said, “Indonesia has benefitted from the current technology environment. We have the basis of manufacturing, based on minerals and resources available, and agriculture, as well as exported products. Looking into regional development, there is an emphasis on developing manufacturing sectors such as mining, petrochemicals, and more. We are one of the largest motorcycle producers, creating 8 million motorcycles a year. Our strategy with digitalisation is to combine into a digital economy to maintain competitiveness. Indonesia is an open economy; we are open for foreign direct investment; growth comes from foreign direct investment.”

The inaugural Global Manufacturing and Industrialisation Summit opened on 27th March at the Paris-Sorbonne University Abu Dhabi and will run to 30th March 30, 2017, under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The Summit is the world’s first global gathering for the manufacturing community, bringing together decision-making leaders from governments, businesses and civil society organisations to shape a vision for the sector’s future. WAM/MMYS WAM 1859 2017/03/29 END WAM/MMYS WAM 1904 2017/03/29 END

Source: Emirates News Agency