АЕF: Global Challenges Summit 2018

The Astana Economic Forum (AEF) will start in the Kazakh capital tomorrow. The future of the mankind and Earth will be discussed at the forum. Experts will identify the challenges that all countries need to face in the nearest future as the world is entering the era of robotics. Economists have forecasted that 57 per cent of jobs will be automated in the next 20 years. One of the biggest issues that will face mankind is mass unemployment.

SARA ALPYSBAYEVA, SPOKESPERSON, ECONOMIC RESEARCH INSTITUTE:

- After the financial crisis of 2008-2009, the line for the middle class has started to blur, even though the middle class forms the basis of sustainable society. I think that this is a very important issue to be discussed. This is what is being tackled in Kazakhstan right now as the topic is related to the development of global economic trends. 

Crypto currency is another topic that will be discussed at the AEF. Electronic money is the reality of the 21st century. Having emerged eight years ago, they became legal payment instruments in some countries.

Although it has several advantages such as anonymity of users and low conversion cost, some analysts see the disadvantage of crypto currency as well.

MADIYAR KENZHEBOLAT, LEADING RESEARCH FELLOW, ECONOMIC RESEARCH INSTITUTE:

- Dishonest people can use crypto currency for criminal activities such as drugs and arms trade. Regulation on crypto currency is difficult to implement. This electronic money can be used internationally and the transaction details are protected.

The AEF speakers will also discuss about increasing the human life expectancy to 120 years. However, there are also serious risks to longevity. The high life span can cause shortage of jobs and fierce competition.

AYAULYM SAGYNBAYEVA, EXPERT ON SOCIO-DEMOGRAPHIC DEVELOPMENT:

- In Kazakhstan and all over the world, the number of population over 65 years old is growing amid the improvement of the social environment. However, this presents a challenge to the economy, healthcare and social services. The Government should improve the quality of life of the elderly population and conduct social reforms.

Experts said that the AEF: Global Challenges Summit 2018 will be a platform for specialists to discuss and think about the future of mankind. The world community is looking forward to attend the discussion sessions at the forum.