02154cas a2200229 a 4500 AALejournalIMF018483 230101c9999 xx r poo 0 0eng d 9781484357415 0145-1707 BD-DhAAL BD-DhAAL International Monetary Fund. Communications Department. Finance and Development, June 2018. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (64 pages) Finance and Development <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper focuses on smart policies that can alleviate the short-term pain of technological disruption and pave the way for long-term gain. As computing power improves dramatically and more and more people around the world participate in the digital economy, care should be taken about how to devise policies that will allow us to fully exploit the digital revolution's benefits while minimizing job dislocation. Digital technology will spread further, and efforts to ignore it or legislate against it will likely fail. Even with short-term dislocations, reorganizing the economy around revolutionary technologies generates huge long-term benefits. The digital revolution should be accepted and improved rather than ignored and repressed. Given the global reach of digital technology, and the risk of a race to the bottom, there is a need for policy cooperation like that of global financial markets and sea and air traffic. The history of earlier general-purpose technologies demonstrates that even with short-term dislocations, reorganizing the economy around revolutionary technologies generates huge long-term benefits. Mode of access: Internet Finance and Development; Finance and Development ; No. 0055/002 Full text available on IMF http://elibrary.imf.org/view/journals/022/0055/002/022.0055.issue-002-en.xml IMF e-Library