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Full Description
Transformative new technologies are reshaping economies and societies. But as they create new opportunities, they also pose new challenges, not least of which is rising inequality. Increased disparities and related anxieties are stoking societal discontent and political ferment. Harnessing technological transformation in ways that foster its benefits, contain risks, and build inclusive prosperity is a major public policy challenge of our time and one that motivates this book.
In what ways are the new technologies altering markets, business models, work, and, in turn, economic growth and income distribution? How are they affecting inequality within advanced and emerging economies and the prospects for economic convergence between them? What are the implications for public policy? What new thinking and adaptations are needed to realign institutions and policies, at national and global levels, with the new dynamics of the digital era?
This book addresses these questions. It seeks to promote ideas and actions to manage digital transformation and the latest advances in artificial intelligence with foresight and purpose to shape a more prosperous and inclusive future.
Contents
Foreword
Cecilia Elena Rouse
Acknowledgments
1 Overview: Digital Transformation, New Growth and Distribution Dynamics, and Public Policy
Brahima Coulibaly and Zia Qureshi
Part I
Technology, Globalization, and the Changing World of Work and Business
2 The Labor Market Impacts of Technological Change:
From Unbridled Enthusiasm to Qualified Optimism to Vast Uncertainty
David Autor
3 Digital Technology and Globalization:
The Promise and Pitfalls
Kaushik Basu
4 Prospects for Global Economic Convergence under New Technologies
Dani Rodrik
Part II
Regional Perspectives on the New Dynamics
5 New Technologies, Productivity, and Inequality in Latin America
Santiago Levy
6 Technology, Jobs, and the Future of Work in India
Radhicka Kapoor and P.P. Krishnapriya
7 Addressing Digital Gaps in Africa to Boost Inclusive Growth and Economic Convergence
Haroon Bhorat, Landry Signé, Zaakhir Asmal, Jabulile Monnakgotla, and Christopher Rooney
Part III
Implications for Global Inequality
8 Global Income and Wealth Inequality
Lucas Chancel
9 Actual versus Perceived Trends in Inequality:
Why They Both Matter
Carol Graham and Janina Curtis Bröker
Contributors
Index
