An inclusive future? Technological change and public policy
This report examines the impact of technological change on labor markets, inequality, and policy, highlighting the challenges and opportunities presented by digital technologies and artificial intelligence.
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| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | Brookings Institution |
| Publication date: | June 14, 2022 |
| Authors: | Brahima Sangafowa Coulibaly, Dani Rodrik, David Autor, Kaushik Basu, Laura D. Tyson, Zia Qureshi |
| Geographic focus: | United States, Global |
Methods
The research method involved presentations and discussions by leading economists and thinkers, who contributed papers addressing various aspects of technological change and public policy. The report is based on a webinar hosted by The Brookings Institution, where experts shared their insights on the subject.
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Key Insights
Technological change, particularly digital technologies and artificial intelligence, is reshaping economies, altering growth, employment, and distribution dynamics. While creating new opportunities, these technologies also pose challenges, such as rising economic inequality, especially in advanced economies. The report discusses how new technologies are affecting inequality within and between economies, the implications for economic convergence, and the role of public policy in promoting inclusive growth. It emphasizes that inequality is not an inevitable consequence of technological change and that policy responses are crucial. The report suggests that economic growth and inclusion are complementary objectives and that public policy must enable broader participation in the opportunities created by new technologies. It also calls for new thinking and adaptations to make institutions and policies better fit the digital era, both nationally and globally.
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Additional Viewpoints
Categories: 2022_publication_year | english_publication_language | global_geographic_scope | artificial_intelligence | digital_transformation | economic_growth | economic_inequality | economics | globalization | inclusive_prosperity | labor_markets | larbor_markets | policy | political_debate | public_policy | social_discontent | technological_change | technology | united_states_geographic_scope