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Technological Progress, Artificial Intelligence, and Inclusive Growth
Author:
Mr. Anton Korinek
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,
Mr. Martin Schindler
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, and
Joseph Stiglitznull

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Series:
IMF Working Papers
Volume/Issue:
Volume 2021: Issue 166
Language:
English
Publication Date:
11 Jun 2021
DOI:
https://doi.org/10.5089/9781513583280.001
ISBN:
9781513583280
ISSN:
1018-5941
Pages:
47
Keywords:
C. putting AI; competition Policy; employment trend; C. intellectual property right; export-led growth; Technological innovation; Artificial intelligence; Income; Global; East Asia
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2021: Issue 166