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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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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...
Persistent link: https://www.econbiz.de/10012137956
. And yet, emerging economies face a contemporary challenge to traditional pathways to employment generation: automation …—are estimated to be susceptible to automation from today's technological standpoint. Cumulative advances in industrial automation … literature on automation; and in doing so (ii) discuss definitions and determinants of automation in the context of theories of …
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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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