BRICS countries should not become mere adopters of new technologies in the face of the digital revolution, but must rather combine resources and expertise to become innovators.
This was the sentiment shared by president Cyril Ramaphosa, speaking at the 10th BRICS Summit held at the Sandton Convention Centre in Johannesburg.
Last week saw leaders of the five major emerging economies, BRICS (Brazil, Russia, India, China and South Africa), gather to unpack issues around the global political economy, collaboration for inclusive growth and shared prosperity in the fourth industrial revolution, among other things.
The theme for this year’s meeting was “BRICS in Africa: Collaboration for Inclusive Growth and Shared Prosperity in the 4th Industrial Revolution”.
Ramaphosa on Thursday told heads of state and government that quantum leaps in technology and innovation present enormous opportunities for growth, development and human progress.
This surge in innovation has the potential to dramatically improve productivity and place entire countries on a new trajectory of prosperity, he continued.