Accelerating Growth in the Future

Jakub Growiec

Chapter Chapter 8 in Accelerating Economic Growth, 2022, pp 115-127 from Springer

Abstract: Abstract Will accelerating economic growth carry on into the future? For a better understanding of the current digital era as well as for pursuing informed digital policy, we need a global system of data accounts. Notwithstanding, highly suggestive evidence already exists that the digital revolution has opened a new data dimension in which growth is an order of magnitude faster than growth in GDP. With this in hand, the current chapter attempts to position the coming decades against two polar benchmarks: secular stagnation and technological singularity. Extrapolating past trends suggests that once global population plateaus, world GDP will probably slow down, too. Growth in the digital domain will likely continue, though, possibly producing another technological revolution in energy/hardware or creating artificial general intelligence (AGI). If the latter possibility materializes, it will almost certainly mark the arrival of technological singularity. The probability of a long-standing stagnation or decline is, by contrast, assessed as non-negligible but low.

Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:frochp:978-3-031-07195-9_8

Ordering information: This item can be ordered from
http://www.springer.com/9783031071959

DOI: 10.1007/978-3-031-07195-9_8

Access Statistics for this chapter

More chapters in Frontiers in Economic History from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().