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National Human Development Report 2018 - Timor-Leste

Planning the Opportunities for a Youthful Population

image of National Human Development Report 2018 - Timor-Leste

World leaders are increasingly acknowledging that Gross Domestic Product (GDP) alone cannot provide a full picture of a country’s progress. Enhancing human development and wellbeing requires people accessing the opportunities and means to live healthy, happy and satisfactory lives. The highly innovative 4th National Human Development Report for Timor-Leste puts the well-being of young people, three quarters of the country’s population, at the center of the development agenda. By measuring the subjective well-being of youth aged 15 to 34 across eight aspects of life based on a nation-wide survey, this report provides an excellent opportunity for decision makers to implement targeted policies and strategic investments based on an in-depth understanding of youth’s aspirations, attitudes and behaviors.

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The challenge of the fourth industrial revolution: Embracing technology

According to Schwab (2016), founder of the World Economic Forum, the fourth industrial revolution is taking place now. During the first industrial revolution, production was mechanized based on water and steam power. Mass production during the second industrial revolution was made possible by electric power. The third industrial revolution involved taking advantage of electronics and information technology (IT) to automate production. Now, building on the third industrial revolution, a fourth, the digital revolution, has been occurring since the middle of the last century. It is characterized by a fusion of technologies that is blurring the lines among the physical, digital and biological spheres.

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