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Kenneth Rogoff
Filter: Category: ECONOMICS > Manufacturing
  • ECONOMICS, Emerging Markets, Manufacturing

    Christina Larson, "Closing the Factory Doors"

    Foreign Policy - metered paywall - 16 Jul 2018

    This article puts forward the argument of “premature deindustrialization” that every investor in emerging markets should carefully consider: for two centuries, countries have used low-wage labor to climb out of poverty, but what will happen when robots take those jobs? If automation prevents today’s poor nations from developing the kind of manufacturing that would allow them to increase urbanization, train low-skilled workers, and accumulate capital, the long-term economic impact could be disastrous (reads in 6-8 min).

    Published in Weekly selection 20 July 2018

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  • ECONOMICS, Employment/unemployment, Technology, Innovation, Manufacturing

    Steve LeVine, "No one is prepared to stop the robot onslaught. So what will we do when it arrives?"

    Quartz - 14 Apr 2017

    Robots will wipe out many jobs - somewhere between 9% and 47% of workers in the West over the next two or so decades according to various estimates, and more in emerging markets. Workers will adjust but the transition could be agonizing and the backlash monumental. We won’t stop the robots, but robotization won’t happen unfettered. A tax on robots, “affirmative action for humans” and “back to the basics”: all these are ideas that will gain traction.  Long (9-13 min) but a must-read.

    Published in Weekly selection 21 April 2017

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  • Technology, Innovation, ECONOMICS, Manufacturing

    Dominic Barton, "Catching the digital wave"

    Project Syndicate - 15 Jan 2016

    McKinsey’s global managing director explains why technological innovation is transforming the competitive landscape, with the most advanced companies, rather than the largest or most established players, coming out on top. These changes arise from the power of digital platforms and network effects. Companies that do not digitize the core components of their business and rethink organizational design and governance processes will be left behind. For incumbents, the threat of displacement has never been as real as it is today. (reads in about 8 mn)

    Published in Weekly selection 16 January 2016

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