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Sizing Up The Effects Of Technological Decoupling
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Book Synopsis Sizing Up the Effects of Technological Decoupling by : Diego A. Cerdeiro
Download or read book Sizing Up the Effects of Technological Decoupling written by Diego A. Cerdeiro and published by International Monetary Fund. This book was released on 2021-03-12 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes channels through which technological decoupling can affect global growth, and embeds these different layers in a global dynamic macroeconomic model. Multiple scenarios are considered that differ along two dimensions: (i) the coalition of countries (hubs) that initiate the decoupling, and (ii) whether non-hub countries are also forced to decouple via ‘preferential attachment’ – i.e. by aligning themselves with the hub they trade most with. All global technology hubs lose across scenarios, and losses are largest under preferential attachment. Smaller countries with relations that straddle multiple hubs generally lose, whereas those whose trade is heavily concentrated with one hub may gain due to reduced competition under some scenarios. Technological fragmentation can lead to losses in the order of 5 percent of GDP for many economies.
Book Synopsis The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies by : Erik Brynjolfsson
Download or read book The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies written by Erik Brynjolfsson and published by W. W. Norton & Company. This book was released on 2014-01-20 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The big stories -- The skills of the new machines : technology races ahead -- Moore's law and the second half of the chessboard -- The digitization of just about everything -- Innovation : declining or recombining? -- Artificial and human intelligence in the second machine age -- Computing bounty -- Beyond GDP -- The spread -- The biggest winners : stars and superstars -- Implications of the bounty and the spread -- Learning to race with machines : recommendations for individuals -- Policy recommendations -- Long-term recommendations -- Technology and the future (which is very different from "technology is the future").
Book Synopsis Decoupling 2 by : Ernst Ulrich Weizsäcker
Download or read book Decoupling 2 written by Ernst Ulrich Weizsäcker and published by UN. This book was released on 2014 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report explores technological possibilities and opportunities for developing and developed countries to accelerate decoupling and reap environmental and economic benefits of increased resource productivity. It examines policy options successful in helping different countries improve resource productivity in various sectors of their economy, avoiding negative impacts on the environment. It does not seem possible for a global economy based on the current unsustainable patterns of resource use to continue into the future. Economic consequences of these patterns are already apparent in increases in resource prices, increased price volatility and disruption of environmental systems. The environment impacts are also leading to potentially irreversible changes to the world's ecosystems, often with direct effects on people and the economy - for example: damage to health, water shortages, loss of fish stocks or increased storm damage. This report shows that much of the policy design 'know-how' needed to achieve decoupling is present in terms of legislation, incentive systems, and institutional reform. Many countries have tried these out with tangible results, encouraging others to study and where appropriate replicate and scale up such practices and successes
Book Synopsis International Trade Regulation by : Zhiqiong June Wang
Download or read book International Trade Regulation written by Zhiqiong June Wang and published by Taylor & Francis. This book was released on 2023-03-21 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: The international trade regulatory system is a dynamic system that has been evolving throughout its history. Tension and conflict are part of the system. While calls for the abolition of the principal trade regulation authority, the WTO, have failed to understand this nature of the system, proponents for reforms have so far not paid sufficient attention to the evolving nature of tension and conflict. This book examines the evolving dynamics in international trade regulation from the conclusion of GATT in 1947 to the current crisis facing the WTO, from a perspective of emerging powers of developing countries with a focus of China as the latest force that demands reforms of the international trade regulatory regime. There is an extensive body of scholarship on ideological struggles, the rise of developing countries, geopolitical contest, the emerging powers (especially China), the use, misuse or abuse of trading rules and so on. There is, however, a lack of a single concise research book that synthesises these underlying causes and factors into a coherent and precise analytical theme. This book attempts to fill this research gap by building upon the existing scholarship and placing the various tensions and conflicts in a perspective that treats them as dynamic factors that have propelled a continuing process of evolution of the international trade regulation. The book will interest those researching on international trade regulation as well as development studies. The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non-Commercial-No Derivatives 4.0 license.
Book Synopsis The Future of Work and Technology by : Andreas Cebulla
Download or read book The Future of Work and Technology written by Andreas Cebulla and published by CRC Press. This book was released on 2023-12-20 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines how global technological advances shape the way we work and allocate work today, and how we might do so in the future, exploring advances in robotics, artificial intelligence, green technology and implications for workforce skills and future welfare. It uses Australia as a case study, contrasting the country’s experience to those elsewhere. The book is a cross-disciplinary collaboration that brings together the expertise of engineers, data scientists, economists and sociologists. The reader is offered an overview of the current uses of advanced digital technologies and what it means for today’s workforce, society and economy. The book also looks to the future. Current uses of advanced technologies lag its already existing capability. The contributions note potential future applications of technology and the economic, social and workplace implications of technological change. This book should be of interest to anyone studying and wishing to better understand what work might look like in the future and how we might prepare for likely changes.
Book Synopsis Divided We Fall: Differential Exposure to Geopolitical Fragmentation in Trade by : Shushanik Hakobyan
Download or read book Divided We Fall: Differential Exposure to Geopolitical Fragmentation in Trade written by Shushanik Hakobyan and published by International Monetary Fund. This book was released on 2023-12-22 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses differences in countries’ macroeconomic exposure to trade fragmentation along geopolitical lines. Estimating structural gravity regressions for sector-level bilateral trade flows between 185 countries, we find that differences in individual countries’ geopolitical ties act as a barrier to trade, with the largest effects concentrated in a few sectors (notably, food and high-end manufacturing). Consequently, countries’ exposure via trade to geopolitical shifts varies with their market size, comparative advantage, and foreign policy alignments. Introducing our estimates into a dynamic many-country, many-sector quantitative trade model, we show that geoeconomic fragmentation—modelled as an increased sensitivity of trade costs to geopolitics and greater geopolitical polarization—generally leads to lower trade and incomes. However, emerging markets and developing economies (EMDEs) tend to see the largest impacts: real per-capita income losses for the median EMDE in Asia are 80 percent larger, and for the median EMDE in Africa 120 percent larger, than for the median advanced economy. This suggests that the costs of trade fragmentation could fall disproportionally on countries that can afford it the least.
Book Synopsis Fragmentation in Global Trade: Accounting for Commodities by : Marijn A. Bolhuis
Download or read book Fragmentation in Global Trade: Accounting for Commodities written by Marijn A. Bolhuis and published by International Monetary Fund. This book was released on 2023-03-24 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: We construct a new database which covers production and trade in 136 primary commodities and 24 manufacturing and service sectors for 145 countries. Using this new more granular data, we estimate spillover effects from plausible trade fragmentation scenarios in a new multi-country, multi-sector, general-equilibrium model that accounts for unique demand and supply characteristics of commodities. The results show fragmentation-induced output losses can be sizable, especially for Low-Income-Countries, although the magnitudes vary according to the particular scenarios and modelling assumptions. Our work demonstrates that not accounting for granular commodity production and trade linkages leads to underestimation of the output losses associated with trade fragmentation.
Book Synopsis OECD Economic Surveys: Switzerland 2024 by : OECD
Download or read book OECD Economic Surveys: Switzerland 2024 written by OECD and published by OECD Publishing. This book was released on 2024-03-14 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: Switzerland has proved resilient through the pandemic, geopolitical turmoil and reverberations in energy markets. Unemployment and inflation are low, and living standards are among the highest in the OECD. This is reinforced by a dynamic market-based economy, highly skilled workforce and prudent macroeconomic policies. Yet, slowing growth amid continued price pressures pose challenges. A tight monetary policy is necessary to ensure that inflation remains durably within the central bank’s target range. Although a broadly neutral fiscal stance is warranted in the short term, longer-term fiscal pressures call for structural reform to counter rising cost of ageing and to support the green transition. S
Book Synopsis Geoeconomic Fragmentation: What’s at Stake for the EU by : Chikako Baba
Download or read book Geoeconomic Fragmentation: What’s at Stake for the EU written by Chikako Baba and published by International Monetary Fund. This book was released on 2023-11-30 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Geoeconomic fragmentation (GEF) is becoming entrenched worldwide, and the European Union (EU) is not immune to its effects. This paper takes stock of GEF policies impinging on—and adopted by—the EU and considers how exposed the EU is through trade, financial and technological channels. Motivated by current policies adopted by other countries, the paper then simulates how various measures—raising costs of trade and technology transfer and fossil fuel prices, and imposition of sectoral subsidies—would affect the EU economy. Due to its high-degree of openness, the EU is found to be exposed to GEF through multiple channels, with simulated losses that differ significantly across scenarios. From a welfare perspective, this suggests the need for a cautious approach to GEF policies. The EU’s best defence against GEF is to strengthen the Single Market while advocating for a multilateral rules-based trading system.
Book Synopsis Changing Global Linkages: A New Cold War? by : Ms. Gita Gopinath
Download or read book Changing Global Linkages: A New Cold War? written by Ms. Gita Gopinath and published by International Monetary Fund. This book was released on 2024-04-05 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global linkages are changing amidst elevated geopolitical tensions and a surge in policies directed at increasing supply chain resilience and national security. Using granular bilateral data, this paper provides new evidence of trade and investment fragmentation along geopolitical lines since Russia’s invasion of Ukraine, and compares it to the historical experience of the early years of the Cold War. Gravity model estimates point to significant declines in trade and FDI flows between countries in geopolitically distant blocs since the onset of the war in Ukraine, relative to flows between countries in the same bloc (roughly 12% and 20%, respectively). While the extent of fragmentation is still relatively small and we do not know how longlasting it will be, the decoupling between the rival geopolitical blocs during the Cold War suggests it could worsen considerably should geopolitical tensions persist and trade restrictive policies intensify. Different from the early years of the Cold War, a set of nonaligned ‘connector’ countries are rapidly gaining importance and serving as a bridge between blocs. The emergence of connectors has likely brought resilience to global trade and activity, but does not necessarily increase diversification, strengthen supply chains, or lessen strategic dependence.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 : Total Pages :109 pages Book Rating :4.4/5 (2 download)
Book Synopsis Singapore by : International Monetary Fund. Asia and Pacific Dept
Download or read book Singapore written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-08-29 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: Singapore’s post pandemic recovery is nearly complete; underpinned by its strong economic fundamentals and the authorities’ decisive policies. While overall output surpassed pre-COVID levels in 2021, the growth momentum has slowed and activities in consumer-facing (except retail) and construction sectors remain below pre-pandemic levels. Inflation remains elevated but has started moderating. Risks to the outlook are tilted to the downside, arising mainly from an abrupt global slowdown or a recession in Singapore’s largest trading partners, tighter global financial conditions, and a deepening of geoeconomic fragmentation.
Book Synopsis Geo-Economic Fragmentation and the Future of Multilateralism by : Mr. Shekhar Aiyar
Download or read book Geo-Economic Fragmentation and the Future of Multilateralism written by Mr. Shekhar Aiyar and published by International Monetary Fund. This book was released on 2023-01-15 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: After several decades of increasing global economic integration, the world is facing the risk of policy-driven geoeconomic fragmentation (GEF). This note explores the ramifications. It identifies multiple channels through which the benefits of globalization were earlier transmitted, and along which, conversely, the costs of GEF are likely to fall, including trade, migration, capital flows, technology diffusion and the provision of global public goods. It explores the consequences of GEF for the international monetary system and the global financial safety net. Finally, it suggests a pragmatic path forward for preserving the benefits of global integration and multilateralism
Book Synopsis Economic Policy Reforms 2023 Going for Growth by : OECD
Download or read book Economic Policy Reforms 2023 Going for Growth written by OECD and published by OECD Publishing. This book was released on 2023-10-03 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: For this edition, Going for Growth advises on country-specific structural policy priorities to strengthen growth fundamentals and pave the way for successful green and digital transitions. Four key policy areas are identified: enhancing the design of social support programs; lifting potential growth by removing obstacles to effective resource utilisation; securing faster progress towards decarbonization; making the digital transformation a driver of productivity growth.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 : Total Pages :123 pages Book Rating :4.4/5 (2 download)
Book Synopsis Malaysia by : International Monetary Fund. Asia and Pacific Dept
Download or read book Malaysia written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-06 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: Malaysia registered a strong economic recovery in 2022, backed by its well diversified economy, sound policy frameworks, and commodity exporter status. While monetary policy started a gradual post-pandemic normalization, record costly spending on fuel subsidies broadly kept inflationary pressures suppressed in 2022. Meanwhile, the new national unity government has signaled its commitment to the reform priorities outlined in the Twelfth Malaysia Plan (12MP) and the 2023 Budget to propel the economy toward net-zero greenhouse gas emissions and high-income status.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 : Total Pages :67 pages Book Rating :4.4/5 (2 download)
Book Synopsis Regional Economic Outlook: Asia and the Pacific, October 2022 by : International Monetary Fund. Asia and Pacific Dept
Download or read book Regional Economic Outlook: Asia and the Pacific, October 2022 written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2022-10-28 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: After the strong rebound of 6.5 percent posted in 2021, growth in Asia and Pacific is expected to moderate to 4.0 percent in 2022 amid an uncertain global environment and rise to 4.3 percent in 2023. Inflation has risen above most central bank targets, but is expected to peak in late 2022. As the effects of the pandemic wane, the region faces new headwinds from global financial tightening and an expected slowdown of external demand. While Asia remains a relative bright spot in an increasingly lethargic global economy, it is expected to expand at a rate that is well below the average rate of 51⁄2 percent seen over the preceding two decades. Policy support is gradually being withdrawn as inflation rises and idle capacity is utilized, but monetary policy should be ready to tighten faster if the rise in core inflation turns out to be more persistent. The region’s rising public debt lev¬els call for continued fiscal consolidation, so interven¬tions to mitigate global food and energy shocks should be well targeted, temporary, and budget neutral. Structural reforms are needed to boost growth and mitigate the scarring that is expected from the pan¬demic, especially making up for lost schooling through investments in education and training, promoting diversification, addressing the debt overhang from the pandemic, and harnessing digitalization. Strong multilateralism—including through international organizations, the Group of Twenty and regional processes—will be needed to mitigate geo-economic fragmentation and deliver much needed progress on climate change commitments.
Book Synopsis Religious Tourism and Globalization by : Darius Liutikas
Download or read book Religious Tourism and Globalization written by Darius Liutikas and published by CABI. This book was released on 2024-04-04 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is it possible to identify the positive and negative effects of globalization on religious tourism or to estimate the transformation of the internal and external constructs of pilgrimage by these effects? In order to address these questions, this book highlights the importance of the search for identity and transformative experience during religious tourism. It also looks at how, recently, globalization has played a part in the changes of the concept of personal and social identity and the transformative experience of pilgrimage. This book will be suitable for researchers and students of religious tourism, pilgrimage, identity tourism, as well as related subjects such as sociology, anthropology, psychology, theology, history and cultural studies.
Book Synopsis South Asia's Path to Resilient Growth by : Mr. Ranil M Salgado
Download or read book South Asia's Path to Resilient Growth written by Mr. Ranil M Salgado and published by International Monetary Fund. This book was released on 2022-12-23 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Asia’s Path to Sustainable and Inclusive Growth highlights the remarkable development progress in South Asia and how the region can advance in the aftermath of the COVID-19 pandemic. Steps include a renewed push toward greater trade and financial openness, while responding proactively to the distributional impact and dislocation associated with this structural transformation. Promoting a green and digital recovery remains important. The book explores ways to accelerate the income convergence process in the region, leveraging on the still-large potential demographic dividend in most of the countries. These include greater economic diversification and export sophistication, trade and foreign direct investment liberalization and participation in global value chains amid shifting regional and global conditions, financial development, and investment in human capital.