Abstract
Addressing the big questions about how technological change is transforming economies and societies
Rapid technological changelikely to accelerate as a consequence of the COVID-19 pandemicis reshaping economies and how they grow. But change also causes disruption, creates winners and losers, and produces social stress. This book examines the challenges of digital transformation and suggests how creative policies can make it more productive and inclusive.
Shifting Paradigms is the second book on technological change produced by a joint research project of the Brookings Institution and the Korea Development Institute. Contributors are experts from the United States, Europe, and Korea. The first volume, Growth in a Time of Change, was published by Brookings in February 2020.
The book's underlying thesis is that the future is arriving faster than expected. Long-accepted paradigms about economic growth are changing as digital technologies transform markets and nearly every aspect of business and work. Change will only intensify with advances in artificial intelligence and other innovations.
Investors, business leaders, workers, and public officials face many questions. Is rising market concentration inevitable with the new technologies or can their benefits be more widely shared? How can the promise of FinTech be captured while managing risks? Should workers fear the new automation? Are technology-driven shifts in business and work causing income inequality to rise? How should public policy respond?
Shifting Paradigms addresses these questions in an engaging manner for anyone interested in understanding how the economic and social agenda is being transformed by today's winds of change.
Schlagworte
AI social disruption job security korean development institute artificial technology automat coronavirus economic disruption economic growth economic inequality covid-19 brookings institution inequality digital economy digital transformation- 265–268 Contributors 265–268
11 Treffer gefunden
- „... allows us to analyze the role of digital technologies and in-tangibles in firm productivity.We employ ...” „... Technologies, Intangibles, and Firm ProductivityTo study the relationship between digital technologies ...” „... these variables in the production function.Estimation of Firm ProductivityWe first estimate total ...”
- „... 2000 2005 2010 2015 2020Labor productivityTop 10% income share% annual change % shareFIGURE 1-1 ...” „... in productivity.Specific policy needs and priorities evidently differ across groups of economies ...” „... aggregate productivity growth. And in equality has been rising. As these technologies transform markets ...”
- „... contributed to the slowing of technology diffusion— and productivity.Fi nally, although it is hard to ...” „... differences in income per capita. How-ever, productivity growth has been slowing in recent de cades ...” „... pro-ductivity growth. While firms at the global frontier of productivity have continued to increase their ...”
- „... countriesAdvertising expenses. See Intan-gibles, productivity, and digitalizationAge and wage disparities, 230–33, 230f ...” „... productivity, 77; nonlabor income share and density of, 196–98; policy implications, 135–41; potential ...” „... , 162t, 165–67; comparison of usage across countries, 88, 90f; digitalization and productivity growth ...”
- „... 1996 and 2016(A) Labor ProductivityChange in number of employees between 1996 and 20160 50 100 150 200 ...” „... experience higher productivity gains that enable them to compensate their workers with higher wages. These ...” „... the new technological environment fail to raise the productivity and wages of their workers. These ...”
- „... .McKinsey Global Institute. 2017a. A Future That Works: Automation, Employ-ment and Productivity.McKinsey ...” „... demand resulting from the productivity gains per-mitted by technological innovation. Over the long run ...” „... resulting gain in productivity, which generates more final demand and more jobs. The displacement effect ...”
- „... . They go roughly as follows:• Automation raises productivity and reduces the costs of produc-ing goods ...” „... Accordingly, the productivity gains and cost reductions associated with robotics and AI may be small for some ...” „... which evidence of productivity gains was very limited for about fifteen years, despite ongo-ing ...”
- „... business and employ-ment dynamics, productivity, innovation, and technological change. His research has ...” „... University.CHIARA CRISCUOLO is head of the Productivity, Innovation, and Entrepre-neurship Division in the Science ...” „... fellow at the CEP. Her research on productivity, business dynamics, innovation, and interna-tional trade ...”
- „... total factor productivity (TFP), we do not find evidence supporting faster pro-ductivity growth of ...” „... those firms. The result is consistent with the recent slowdown in aggregate productivity growth despite ...” „... tech-nology starts to show positive effects on productivity.4Section 1 of the chapter discusses the orga ...”
- „... CALVINO AND CHIARA CRISCUOLO 3 Digital Technologies, Intangibles, and Firm Productivity 73MINHO KIM 4 ...” „... not delivered the expected dividend in productivity growth. In-deed, aggregate productivity growth has ...” „... specific focus on the Korean economy.Digital technologies offer large productivity payoffs but create new ...”
- „... the state of the finance industry.I argue that lackluster productivity growth and tight regulations in ...” „... ’ characteristics.556-99629_ch01_3P.indd 97 09/11/21 7:07 AM98 THOMAS PHIlIPPONcost cutting, productivity gains ...” „... , suggests an improvement in labor productivity in the financial intermediation sector, consistent with the ...”