Shifting Paradigms

Growth, Finance, Jobs, and Inequality in the Digital Economy

Buch | Softcover

298 Seiten

2022
Brookings Institution (Verlag)
978-0-8157-3900-5 (ISBN)

Artikel merken

Rapid technological change - likely to accelerate as a consequence of COVID-19 - is 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 policies can make it more productive and inclusive.

Addressing the big questions about how technological change is transforming economies and societies
Rapid technological change—likely to accelerate as a consequence of the COVID-19 pandemic—is 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.

Zia Qureshi is a Visiting Fellow in the Global Economy and Development program at the Brookings Institution and an economic consultant. His current research focuses on how technology is transforming economies. He previously worked at the World Bank and the IMF, including as Director in the World Bank's Development Economics Department.Cheonsik Woo is Director of the Office of Global Economy at the Korea Development Institute. He previously served as Senior Counselor to the Deputy Prime Minister at Korea's Ministry of Finance and Economy and Senior Analyst at the OECD. His research interests include Korea's development strategy, industrial competitiveness, and human resource development.

Contents:
Preface
Acknowledgments
1. Overview: Digital Metamorphosis and Economic Change
Zia Qureshi and Cheonsik Woo
2. Gone Digital: Technology Diffusion in the Digital Era
Flavio Calvino and Chiara Criscuolo
3. Digital Technologies, Intangibles, and Firm Productivity
Minho Kim
4. Harnessing the Promise of Fintech
Thomas Philippon
5. Automation, Jobs, and Wages: Should Workers Fear
the New Automation?
Harry J. Holzer
6. Organizing for Digitalization at the Firm Level
Sunghoon Chung and Sangmin Aum
7. Digitalization and Inequality
François Bourguignon
8. Technological Change and Inequality in Korea
Jungsoo Park
Index

Erscheinungsdatum	09.12.2021
Zusatzinfo	22 tables
Sprache	englisch
Maße	151 x 228 mm
Gewicht	472 g
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	0-8157-3900-1 / 0815739001
ISBN-13	978-0-8157-3900-5 / 9780815739005
Zustand	Neuware