TY - BOOK ID - 85290825 TI - Finance & Development, June 2018. AU - International Monetary Fund. AU - International Monetary PY - 2018 SN - 1484357442 1484357426 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Finance. KW - Funding KW - Funds KW - Economics KW - Currency question KW - Money and Monetary Policy KW - Taxation KW - Industries: Financial Services KW - Diseases: Contagious KW - Automation KW - Monetary Systems KW - Standards KW - Regimes KW - Government and the Monetary System KW - Payment Systems KW - Technological Change: Choices and Consequences KW - Diffusion Processes KW - Innovation KW - Research and Development KW - Technological Change KW - Intellectual Property Rights: General KW - Health Behavior KW - Economics of Gender KW - Non-labor Discrimination KW - Health: General KW - Distributed ledgers KW - Monetary economics KW - Public finance & taxation KW - Infectious & contagious diseases KW - Labour KW - income economics KW - Health economics KW - Virtual currencies KW - Currencies KW - Communicable diseases KW - Tax avoidance KW - Technology KW - Money KW - Health KW - Revenue administration KW - Financial services industry KW - Technological innovations KW - Tax evasion KW - Japan UR - https://www.unicat.be/uniCat?func=search&query=sysid:85290825 AB - This paper focuses on smart policies that can alleviate the short-term pain of technological disruption and pave the way for long-term gain. As computing power improves dramatically and more and more people around the world participate in the digital economy, care should be taken about how to devise policies that will allow us to fully exploit the digital revolution’s benefits while minimizing job dislocation. Digital technology will spread further, and efforts to ignore it or legislate against it will likely fail. Even with short-term dislocations, reorganizing the economy around revolutionary technologies generates huge long-term benefits. The digital revolution should be accepted and improved rather than ignored and repressed. Given the global reach of digital technology, and the risk of a race to the bottom, there is a need for policy cooperation like that of global financial markets and sea and air traffic. The history of earlier general-purpose technologies demonstrates that even with short-term dislocations, reorganizing the economy around revolutionary technologies generates huge long-term benefits. ER -