Technological Progress, Artificial Intelligence, and Inclusive Growth /

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 progre...

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Bibliographic Details
Main Author: Korinek, Anton
Other Authors: Schindler, Martin, Stiglitz, Joseph
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2021.
Series:IMF Working Papers; Working Paper ; No. 2021/166
Subjects:
Online Access:Full text available on IMF
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245 1 0 |a Technological Progress, Artificial Intelligence, and Inclusive Growth /  |c Anton Korinek, Martin Schindler, Joseph Stiglitz. 
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520 3 |a 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. 
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650 7 |a Innovation  |2 imf 
650 7 |a Intellectual Property Rights  |2 imf 
650 7 |a Research and Development  |2 imf 
650 7 |a Technological Change  |2 imf 
700 1 |a Schindler, Martin. 
700 1 |a Stiglitz, Joseph. 
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