Globalization of Labor Markets and the Growth Prospects of Nations

Basu, Kaushik

World Bank, Washington, DC

关键词: ROBOTS;    TECHNOLOGY SECTOR;    EMPLOYMENT;    RISKS;    LABOR MARKET POLICY;   

DOI  :  10.1596/1813-9450-7590
RP-ID  :  WPS7590

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The many and varied crises in the worldeconomy since 2007 seem to have different origins anddiverse manifestations. This paper contends that there ishowever a structural shift beneath the global economy thatis now reaching a critical mass, and that accounts for manyof these crises, despite the diversity of manifestations.This shift is occasioned by two kinds of technologicalchanges--the familiar labor-saving and what is here called"labor-linking." The paper argues that thesechanges (1) create a short-term window of opportunity fordeveloping and emerging economies, but (2) in the long runconstitute a major, multilateral policy challenge for all.To meet this challenge, we have to think outside the box andconceive of innovative policies. The paper brieflyspeculates on what those policies might be.