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Globalization and robotics (globotics) are transforming the world economy at an explosive pace since they are driven by digital technology that is advancing in phenomenal increments. This paper - which should be considered a 'thought piece' - argues that the globotics transformation is likely to...
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This paper considers the implications for developing countries of a new wave of technological change that substitutes pervasively for labor. It makes simple and plausible assumptions: the AI revolution can be modeled as an increase in productivity of a distinct type of capital that substitutes...
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the (future) challenges of automation (creating the concept of the "MIT 2.0") and discuss the implications for developing … Asia. In particular, we analyze the impacts of automation, artificial intelligence, and digitalization on the growth …, particularly the upgrading of skills needed with the rapid advance of automation, will be key success factors for overcoming the …
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We show, theoretically and empirically, that the effects of technological change associated with automation and … is that better matches enjoy a comparative advantage in exploiting automation and a comparative disadvantage in … exploiting offshoring. It implies that automation (offshoring) may reduce (raise) employment by lengthening (shortening …
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