2021
DOI: 10.5089/9781513583280.001
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Technological Progress, Artificial Intelligence, and Inclusive Growth

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… Show more

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Cited by 15 publications
(4 citation statements)
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References 45 publications
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“…Critics have pointed out its failure to integrate sustainability from a human-centric perspective, considering human preferences and its lack of accommodation for circular economy initiatives aimed at addressing resource-related challenges (Mhlanga, 2022;Ozmen et al, 2023;Rauch et al, 2020). Additionally, the 4IR could potentially widen global inequality among and within countries, posing challenges to inclusive and sustainable economic growth, employment and industrialisation (Korinek et al, 2021).…”
Section: Introductionmentioning
confidence: 99%
“…Critics have pointed out its failure to integrate sustainability from a human-centric perspective, considering human preferences and its lack of accommodation for circular economy initiatives aimed at addressing resource-related challenges (Mhlanga, 2022;Ozmen et al, 2023;Rauch et al, 2020). Additionally, the 4IR could potentially widen global inequality among and within countries, posing challenges to inclusive and sustainable economic growth, employment and industrialisation (Korinek et al, 2021).…”
Section: Introductionmentioning
confidence: 99%
“…Public policy has a crucial role in promoting broader accessibility to technical advancements, particularly in rural regions and less developed communities [20]. Governments have the ability to implement policies aimed at enhancing the accessibility of innovative information and services by expanding the availability of inexpensive information and communication technology (ICT) infrastructure to citizens.…”
Section: Resultsmentioning
confidence: 99%
“…These incentives can include research grants, tax credits, and funding opportunities for AI-focused research and development in healthcare. By providing financial support for innovation, stakeholders encourage AI experts and organizations to invest in developing healthcare-related AI solutions, leading to improved patient care, more efficient healthcare systems, and economic benefits [68].…”
Section: Policy Recommendations For Promoting Ai Adoption and Regulationmentioning
confidence: 99%