Technological Progress, Artificial Intelligence, and Inclusive Growth
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Summary:
Advances in artificial intelligence and automation have the potential to be labor-saving and to increase inequality and poverty around the globe. They also give rise to winner-takes-all dynamics that advantage highly skilled individuals and countries that are at the forefront of technological progress. We analyze the economic forces behind these developments and delineate domestic economic policies to mitigate the adverse effects while leveraging the potential gains from technological advances. We also propose reforms to the global system of governance that make the benefits of advances in artificial intelligence more inclusive.
Series:
Working Paper No. 2021/166
Subject:
Artificial intelligence Income Labor National accounts Technological innovation Technology
Frequency:
regular
English
Publication Date:
June 11, 2021
ISBN/ISSN:
9781513583280/1018-5941
Stock No:
WPIEA2021166
Pages:
47
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