Four major changes have shaken the way work and welfare is organized in last few decades. These changes are: technological progress[1], demographic change, globalisation and value changes[2]. Across the world there is a renewed search to reconfigure the institutions to respond to these changes. The challenges experienced in the Global North and South are different. On the one hand, artificial intelligence, robotics etc provide an opportunity for advanced industrial countries to build on the knowledge and technological base they already have created. On the other hand, these new challenges may give an opportunity for emerging economies to leapfrog towards new developments through these technologies. In both contexts of advanced industrial economies and emerging economies, the impact on human emancipation, and potential for the state to facilitate citizens to achieve meaning and happiness seems to be changing significantly. This requires deliberations involving academia, industrialists and representatives of the state.

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