Technological Progress, Artificial Intelligence, and Inclusive Growth

By Anton Korinek, Martin Schindler, Joseph Stiglitz

June 11, 2021

Preview Citation

Format: Chicago

Anton Korinek, Martin Schindler, and Joseph Stiglitz. Technological Progress, Artificial Intelligence, and Inclusive Growth, (USA: International Monetary Fund, 2021) accessed October 6, 2024

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.

Summary

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.

Subject: Artificial intelligence, Income, Labor, National accounts, Technological innovation, Technology

Keywords: Artificial intelligence, C. intellectual property right, C. putting AI, Competition Policy, East Asia, Employment trend, Export-led growth, Global, Income, Technological innovation

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2021/166
Stock No:

WPIEA2021166
ISBN:

9781513583280
ISSN:

1018-5941

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