The world is on a “crash course” as the people the hope of colliding with a future in which millions of jobs are automated, the World Bank chief has said.
Jim Yong Kim said the policy makers should take action by investing in education and health.
The president of the World Bank has been to New York, to the front of the group, at the annual meeting in Washington, DC, this week.
The remarks come amid wider concerns about political threats to economic growth.
The World Bank plans to publish a ranking of countries that measures the investments in “human capital”, such as education.
The focus is a change for the organization, which was created after the second World War to stimulate the rebuilding of infrastructure.
But Dr. Kim said that other types of investments are important for economic growth in the future, as robots move millions of low-skilled workers.
“The only thing you know for sure you’ll need it for what the economy looks like in the future is that the people who can learn,” he told the BBC.
“We want to create a sense of urgency to invest in people that we think is necessary, given the manner in which … the world economy is changing.” Political risk
The push for education and investment in health just as economic growth prospects improve.
In July, the IMF said it expected the global economy is expected to increase by 3.5% this year and 3.6% in 2018.
The director general of the IMF, Christine Lagarde, said updated forecasts, published this week, were likely to be even more optimistic.
However, the bankers of the IMF, the World Bank and other organizations have warned that progress is threatened by political movements that promote barriers to trade, to the isolation of the military aggression and other actions.
“If your aspirations start to rise, but then there is no possibility, it can lead to fragility, conflict and violence,” Dr. Kim said. “This is the crash course, we’re going down.”
The political uncertainties are increasingly at the origin of many of the risks identified by the sovereign debt analyst, said Moritz Kraemer, managing director of S&P Global Ratings of tracks economic and political movements in dozens of countries to develop credit ratings.
The topic has also been the subject of a speech delivered by European Central Bank president, Mario Draghi, earlier this year.
Ms Lagarde said this month that policy makers “should not allow a good recovery go to waste”.
“We know what can happen if we let the time pass,” she said. “The growth will be too low, and the jobs too few. The safety nets will be unable to handle the aging of the population. Our financial system will be prepared for future shocks.”