Technological Progress, Artificial Intelligence, and Inclusive Growth

Anton Korinek, Martin Schindler and Joseph Stiglitz

No 2021/166, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: C. putting AI; competition Policy; employment trend; C. intellectual property right; export-led growth; Technological innovation; Artificial intelligence; Income; Global; East Asia (search for similar items in EconPapers)
Pages: 47
Date: 2021-06-11
New Economics Papers: this item is included in nep-big, nep-ino and nep-tid
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Citations: View citations in EconPapers (7)

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