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"Technology and globalization are threatening manufacturing's traditional ability to deliver both productivity and jobs at a large scale for unskilled workers. Concerns about widening inequality within and across countries are raising questions about whether interventions are needed and how...
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This paper presents evidence that the spread between the marginal product of capital and the return on financial assets is mich higher in poor than in rich countries. A model with costly intermediation is developed. In this economy, individuals choose at each instant whether to work or to...
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Globalization and robotics (globotics) are transforming the world economy at an explosive pace since they are driven by …
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For decades, manufacturers around the world have outsourced production to countries with lower labor costs. However … sample exceeds the threshold level beyond which further automation results in negative foreign direct investment growth and … direct investment is positive, but at a rate that is declining. So, although these are early warning signs, automation in …
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