Listing 1 - 2 of 2 |
Sort by
|
Choose an application
Automation will be a boon or a catastrophe depending on whom you listen to. This paper proposes an overlapping-generations model with endogenous school choice in which the quality of a country's education system determines how well skill supply can respond to increased demand from automation and subsequently whether automation will be beneficial or detrimental. In this sense, education quality in the model offers a bridge between the optimistic and pessimistic perspectives on automation. In testing the model's assumptions, the paper finds evidence that educational attainment, cognitive skills, and select noncognitive skills are associated with avoiding automation-prone occupations. Consistent with the model's predictions, census data indicate that countries have historically relied most on these types of occupations at middle-income status. The model and empirical findings suggest that it is middle-income countries that are most vulnerable to automation if their education systems are unable to affect cognitive and noncognitive skills sufficiently. As a result, automation may herald a much different growth model for developing countries: one in which developing these skills is central.
Automation --- Education --- Education for All --- Educational Populations --- Educational Sciences --- Labor Markets --- Overlapping-Generations Model --- Skill-Biased Technological Change --- Social Protections and Labor
Choose an application
Today's news media displays an intense fascination with the global economy--and for good reason. The degree of worldwide economic integration is unprecedented, and rising globalization has lifted living standards and reduced poverty. Foreign markets and new technologies continue to present opportunities for entrepreneurs and corporations. Still, economic shocks can spread across the world in minutes, impacting billions of lives. Citizens are understandably anxious in this age of macroeconomic turbulence and overextended governments. Modern economics offers a powerful framework for understanding globalization, international trade, and economic growth. Many managers possess years of hands-on experience dealing with business cycles and foreign competitive pressures, yet these leaders may not have a solid grounding in economic concepts that shed light on the forces of globalization. This book explains economics in everyday language, using little or no math, giving businesspersons better tools to interpret current events as well as long-term economic and political developments.
International economic relations. --- Globalization. --- economics --- human capital --- financial crisis --- macroeconomics --- comparative advantage --- absolute advantage --- emerging economy --- international trade --- business strategy --- economic growth --- economic history --- international economics --- political economy --- economic development --- industrialization --- labor market --- convergence --- New World --- mercantilism --- Industrial Revolution --- productivity --- technology --- capital control --- intellectual property --- research and development --- productivity slowdown --- Adam Smith --- factor proportions model --- gravity model --- infant industry --- import substitution --- Asian Tiger --- trade policy --- tariff --- public choice --- rent seeking --- trade agreement --- free trade --- liberalization --- information and communications technology --- vertical integration --- supply chain --- poverty trap --- big push --- coordination failure --- industrial policy --- diversification --- value added --- managerial capital --- skill biased technological change --- population growth --- wage inequality --- middle income trap --- tradable sector --- offshoring --- outsourcing --- foreign direct investment --- skill upgrading --- immigration --- wage structure --- regulation --- competitiveness --- corruption --- democracy --- autocracy --- socialism --- communism --- controlled capitalism --- gold standard --- natural resource curse --- business cycle --- collective bargaining --- social insurance --- safety net --- labor union --- Washington Consensus --- multinational enterprise --- exchange rate --- sweatshop --- spillover --- human rights --- labor standard --- property rights --- Dutch disease --- extractive industry --- negative externality --- pollution haven --- greenhouse gas --- global warming --- climate change
Listing 1 - 2 of 2 |
Sort by
|