Robots and AI: A New Economic Era

by Lili Yan Ing (Editor), Gene M. Grossman (Editor)

Overview

Robots and artificial intelligence (AI) are powerful forces that will likely have large impacts on the size, direction, and composition of international trade flows. This book discusses how industrial robots, automation, and AI affect international growth, trade, productivity, employment, wages, and welfare. The book explains new approaches on how robots and artificial intelligence affect the world economy by presenting detailed theoretical framework and country-specific as well as firm-product level-specific exercises.

This book will be a useful reference for those researching on robots, automation, AI and their economic impacts on trade, industry, and employment.

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.

Product Details

ISBN-13:	9781032230672
Publisher:	Taylor & Francis
Publication date:	01/29/2024
Series:	Routledge-ERIA Studies in Development Economics
Pages:	370
Product dimensions:	6.12(w) x 9.19(h) x (d)

About the Author

Lili Yan Ing is Lead Advisor (Southeast Asia Region) at the Economic Research Institute for ASEAN and East Asia (ERIA). Dr Ing was appointed as Lead Advisor to the Minister of Trade of the Republic of Indonesia in 2017–2019.

Gene M. Grossman is the Jacob Viner Professor of International Economics in the Department of Economics and the School of Public and International Affairs at Princeton University.

Table of Contents

1 Introduction 2 The Effects of Automation on Labor Demand: A Survey of the Recent Literature 3 Robots, Offshoring, and Welfare 4 On the Employment Consequences of Automation and Offshoring: A Labor Market Sorting View 5 The Impacts of AI, Robots, and Globalization on Labor Markets: Analysis of a Quantitative General Equilibrium Trade Model 6 Telemigration and Development: On the Offshorability of Teleworkable Jobs 7 Immigration and Regional Specialization in AI 8 Robots and Trade: Implications for Developing Countries 9 Automation in Indonesia: Productivity, Quality, and Employment 10 AI, Trade, and Creative Destruction: A First Look

Editorial Reviews

"This is a very interesting and thought-provoking book with contributions investigating a wide range of potential economic effects of robots and AI. I enjoyed reading it, and believe it will be of interest to many, particularly those with interests in trade and labour"

Michael Coelli, Associate Professor, Department of Economics, University of Melbourne, Australia

From the Publisher