scholarly journals Artificial Intelligence, Globalization, and Strategies for Economic Development

2021 ◽  
pp. 1-53
Author(s):  
Anton Korinek ◽  
Joseph Stiglitz
Keyword(s):  
Artificial Intelligence ◽  
Developing Countries ◽  
New Technologies ◽  
Developed Countries ◽  
Economic Policies ◽  
Resource Saving ◽  
Technological Advances ◽  
Poverty And Inequality ◽  
Past Half Century ◽  
Winner Takes All

Progress in artificial intelligence and related forms of automation technologies threatens to reverse the gains that developing countries and emerging markets have experienced from integrating into the world economy over the past half century, aggravating poverty and inequality. The new technologies have the tendency to be labor-saving, resource-saving, and to give rise to winner-takes-all dynamics that advantage developed countries. We analyze the economic forces behind these developments and describe economic policies that would mitigate the adverse effects on developing and emerging economies while leveraging the potential gains from technological advances. We also describe reforms to our global system of economic governance that would share the benefits of AI more widely with developing countries.

scholarly journals Gender and feminist considerations in Artificial Intelligence from a developing-world perspective, with India as a case study

2021 ◽  
Author(s):  
SANGHAMITRA CHOUDHURY ◽  
Shailendra Kumar
Keyword(s):  
Artificial Intelligence ◽  
Developing Countries ◽  
Developing World ◽  
Developed Countries ◽  
High Level ◽  
The Impact ◽  
The Relationship ◽  
Precarious Situation ◽  
And Robotics

<p>The relationship between women, technology manifestation, and likely prospects in the developing world is discussed in this manuscript. Using India as a case study, the paper goes on to discuss how ontology and epistemology views utilised in AI (Artificial Intelligence) and robotics will affect women's prospects in developing countries. Women in developing countries, notably in South Asia, are perceived as doing domestic work and are underrepresented in high-level professions. They are disproportionately underemployed and face prejudice in the workplace. The purpose of this study is to determine if the introduction of AI would exacerbate the already precarious situation of women in the developing world or if it would serve as a liberating force. While studies on the impact of AI on women have been undertaken in developed countries, there has been less research in developing countries. This manuscript attempts to fill that need.</p>

scholarly journals Challenges of digitalization and artificial intelligence for modern economies, societies and management

2020 ◽  
Vol 28 (3) ◽  
pp. 556-567
Author(s):  
Rolf Clauberg
Keyword(s):  
Artificial Intelligence ◽  
New Technologies ◽  
Technical Information ◽  
Developed Countries ◽  
Negative Effects ◽  
Physical Systems ◽  
Large Numbers ◽  
Official Policy ◽  
The Usa ◽  
New Jobs

This study aims at identifying the challenges of digitalization and artificial intelligence for modern economies, societies and business administration. The implementation of digitalization schemes as Industry 4.0 are presently official policy of many developed countries. The goal is optimization of production processes and supply chains. Artificial intelligence is also affecting many fields. Both technologies are expected to substantially change working conditions for many people. It is important to identify the kind and impact of these changes and possible means to minimize negative effects. For this purpose, this study uses previous results about the disappearance of manufacturing jobs in the USA and their impact on different groups of society together with technical information about the new technologies to deduce expected changes caused by digitalization and artificial intelligence. Results are that both technologies will destroy large numbers of jobs and complete job classes while at the same time creating new jobs very different from the ones destroyed. Extensive permanent education and re-education of employees will be necessary to minimize negative effects, probably even changes to a more broad-based education to improve the potential of job changes into completely new fields. In addition, the technical information about digitalization in cyber-physical systems points to dangers that will require solutions on the international level.

scholarly journals The structural characteristics of world trade and the merchandise exports of Serbia

2009 ◽  
Vol 54 (181) ◽  
pp. 55-91
Author(s):  
Radovan Kovacevic
Keyword(s):  
Developing Countries ◽  
World Trade ◽  
New Technologies ◽  
Structural Characteristics ◽  
Developed Countries ◽  
Added Value ◽  
Production Networks ◽  
International Production ◽  
Starting Point ◽  
Merchandise Trade

This paper analyses the world merchandise trade structure and the structure of Serbian merchandise exports. The analysis shows that the prominent characteristic of post-World War II world trade is more dynamic growth in the volume of manufactured goods as compared to agricultural goods. Due to the lessening share of agricultural products world merchandise trade has decreased and rapid industrialization has been fostered in developing countries. An increased share for developing countries followed the developed countries' decreasing share in world manufacturing trade. The developing countries' increased share was strongest in telecom and office equipment exports. These sectors are characterized by production fragmentation, which is being realized by transnational companies. Serbia, like the other South East European countries, has not yet managed to significantly integrate into international production networks. Serbia's most important exports are manufactured products with a low level of added value . In addition, Serbia still has a high share of primary products in its exports. A higher share of exports of goods and services in the gross domestic products (GDP) cannot be achieved without increasing imports of new technologies and equipment, i.e. without a higher investment share of the GDP. The main conclusion of this article is that the creation of a favorable investment climate and an increase in Serbia's international credit rating are the preconditions for stronger foreign direct investment (FDI), which would be the main channel for restructuring in the real sector. Creation of new small and medium enterprises (SMEs) through greenfield investment and their integration into the international production networks is the starting point for the restructuring of Serbian industrial production and merchandise export, i.e. the way of increasing the share of merchandise exports in the GDP.

Information Technology in the Search for Employment

2021 ◽  
pp. 252-267
Author(s):  
Pablo Chamoso ◽  
Alfonso González-Briones ◽  
Fancisco José García-Peñalvo
Keyword(s):  
Artificial Intelligence ◽  
Information Technology ◽  
Information Processing ◽  
State Of The Art ◽  
Developed Countries ◽  
Search Results ◽  
Technological Advances ◽  
Career Opportunities ◽  
Job Opportunities

Employability is one of the main concerns of the citizens of developed countries. Over the last 10 years, it has become popular to use technology to find employment and better career opportunities. Currently, there are many technology-powered tools available which offer their users (candidates and companies) the possibility of finding the best job opportunities/employees. However, technology is becoming increasingly advanced and current employment-oriented websites must keep up with those standards. Thanks to the computing and information processing capabilities provided by artificial intelligence, today's websites are not mere directories of jobs and candidates; instead, they make it possible to automatically filter search results according to the characteristics of candidates and jobs. This chapter presents a review of state-of-the-art technologies aimed at improving employability and analyzes the technological advances in this sector.

scholarly journals Ethnic Diversity and Economic Performance

2005 ◽  
Vol 43 (3) ◽  
pp. 762-800 ◽  
Author(s):  
Alberto Alesina ◽  
Eliana La Ferrara
Keyword(s):  
Developing Countries ◽  
Ethnic Identity ◽  
Organizational Structure ◽  
Economic Performance ◽  
Ethnic Diversity ◽  
Developed Countries ◽  
Economic Policies ◽  
Negative Effects ◽  
Endogenous Formation ◽  
Open Issues

We survey and assess the literature on the positive and negative effects of ethnic diversity on economic policies and outcomes. Our focus is on communities of different size and organizational structure, such as countries, cities in developed countries, and villages and groups in developing countries. We also consider the endogenous formation of political jurisdictions and highlight several open issues in need of further research, in particular the endogenous formation of ethnic identity and the measurement of ethnic diversity.

A Study on the Economic Benefits of Globalization: Focusing on the Poverty and Inequality between the Rich and the Poor

2009 ◽  
Vol 12 (2) ◽  
pp. 191-214 ◽  
Author(s):  
Sang-Hyup Shin
Keyword(s):  
Developing Countries ◽  
Global Economy ◽  
Developed Countries ◽  
Economic Benefits ◽  
Global Poverty ◽  
The Poor ◽  
Poverty And Inequality ◽  
The World ◽  
The Rich ◽  
The Developed Countries

Globalization is now well recognized by many as an inescapable feature of the world today. In particular, in the middle of global economic crisis globalization is one of the hot issues drawing much attention from countries around the world. There are contradictory perspectives on globalization. There are many sweeping statements that assert that economic globalization is increasing global poverty and inequality between the rich and the poor in the world. There are also many others who insist that the poverty and inequality issues have been resolved in some sense through globalization. In order to find the answer to the question, firstly the meaning of globalization was fully explained. Based on the understanding of globalization, the questions such as how globalization has contributed to reduce the economic gap between the developed and the developing countries, and to reduce the poverty by analyzing the economic growth, the number of people living below the absolute poverty line and so on were analyzed. The reasons why globalization is a good opportunity for some countries while some other countries get not something from the globalization was also discussed in this research. We found that globalization has contributed to reduce global poverty and to increase the welfare of both the developed and developing countries. However globalization has impacted different groups differently. Some have benefited enormously, while others have borne more of the costs. The developed countries could get more economic benefits from the less developed countries through globalization. This means, inequality between the rich and the poor countries still remained as a serious threat in the global economy. And even among the developing countries globalization has impacted differently. The trends toward faster growth and poverty reduction are strongest in developing economies that have integrated with the global economy most rapidly, which supports the view that integration has been a positive force for improving the lives of people in developing countries There are two main reasons for the inequality existing between the developed and developing countries. The fist one is the difference of economic size and power between the developed countries and the developing countries started to exist from the late 18th century. The second one is the differences in the management skill in taking advantage of the globalization.

scholarly journals Human Capital Spending: A Review on the Developments and the Results in Turkey

2015 ◽  
Author(s):  
Haşim Akça
Keyword(s):  
Developing Countries ◽  
Human Capital ◽  
Social Relations ◽  
New Technologies ◽  
Technological Development ◽  
Developed Countries ◽  
Capital Spending ◽  
Knowledge Capability ◽  
Factors Of Production ◽  
The Developed Countries

Human capital is defined as values like knowledge, capability, experiment and dynamism that labour contributed to production holds and enables more productive usage of other factors of production. According to this definition that includes properties of individuals in the production process like knowledge, capability, experiment and dynamism, with the definition of human capital, all capabilities devoted to the increasing production is incorporated. Developing and efficient usage of human capital and is very crucial especially in less developed and developing countries. In this countries, not only selecting the optimal combination but also acquisition and the way to use these factors of production in order to increase production exhibits an important dimension. However, this will not be sufficient to catch the developed countries. In order to achieve this goal, beyond transmitting new technologies, constructing knowledge and technology that fosters this technological development is required. Developing and efficient usage of human capital, one of the important dynamics of the economic growth is very crucial in less developed and developing countries comparing to developed countries. In order to develop human capital educated and healthy society is needed. Efficient assessment of the associated capital requires satisfaction of individuals by the means of tangible facilities social relations. In this study, the evolution of human capital will be investigated under human capital indicators and findings will be revealed. Therewithal, several suggestions will be powered for developing human capital.

scholarly journals PROJECT MANAGEMENT ISSUES IN THE FIELD OF ECOLOGY: RATIONAL NATURE USE AND RESOURCE SAVING

2020 ◽  
pp. 26-31
Author(s):  
Yu. G. Evdokimova ◽  
S. M. Sycheva ◽  
T. B. Shramchenko
Keyword(s):  
New Technologies ◽  
Negative Impact ◽  
Environmental Issues ◽  
Developed Countries ◽  
Soviet Period ◽  
Successful Implementation ◽  
Resource Saving ◽  
Level Of Education ◽  
Environmental Projects ◽  
Management Issues

The largest environmental issues in Russia have been considered in the article, their relationship with the development trends of the country’s economy and the legacy of the Soviet period has been traced, the directions of projects in the field of ecology, as well as the problems of their implementation have been reviewed, these issues have been compared with the practice of environmental projects in developed countries. Today, as we see, the issue of ecology is not in last place. The negative impact of humanity on the environment has reached an alarming level. There is a constant update, as well as the development of new technologies and techniques to prevent environmental problems in the country. Successful implementation of environmental projects directly depends on the level of education and the involvement of the population in solving environmental issues.

scholarly journals Stock Prices and Exchange Rates: Are they Related? Evidence from South Asian Countries

2002 ◽  
Vol 41 (4II) ◽  
pp. 535-550 ◽  
Author(s):  
Naeem Muhammad ◽  
Abdul Rasheed
Keyword(s):  
Developing Countries ◽  
Exchange Rates ◽  
Stock Prices ◽  
Stock Markets ◽  
Negative Relationship ◽  
Developed Countries ◽  
Empirical Literature ◽  
Economic Policies ◽  
Foreign Portfolio Investment ◽  
The Developed Countries

The issue of whether stock prices and exchange rates are related or not has received considerable attention after the East Asian crisis. During the crisis the countries affected saw turmoil in both currency and stock markets. If stock prices and exchange rates are related and the causation runs from exchange rates to stock prices, then the crisis in the stock markets can be prevented by controlling the exchange rates. Moreover, developing countries can exploit such a link to attract/stimulate foreign portfolio investment in their own countries. Similarly, if the causation runs from stock prices to exchange rates then authorities can focus on domestic economic policies to stabilise the stock market. If the two markets/prices are related then investors can use this information to predict the behaviour of one market using the information on other market.1 Most of the empirical literature that has examined the stock prices-exchange rate relationship has focused on examining this relationship for the developed countries with very little attention on the developing countries. The results of these studies are, however, inconclusive. Some studies have found a significant positive relationship between stock prices and exchange rates [for instance Smith (1992); Solnik (1987) and Aggarwal (1981)] while others have reported a significant negative relationship between the two [e.g., Soenen and Hennigar (1998)]. On the other hand, there are some studies that have found very weak or no association between stock prices and exchange rates [for instance, Franck and Young (1972); Bartov and Bodnor (1994)].

Industrialization and Trade Policies in the 1970s

2018 ◽  
Keyword(s):  
Developing Countries ◽  
Trade Policy ◽  
Development Strategy ◽  
Developed Countries ◽  
The Other ◽  
Trade Policies ◽  
Policy Options ◽  
Poverty And Inequality ◽  
The Development Strategy

In the chapter, Haq again assuming the role of an advocate of the developing world, spells out various trade policy options for less developed countries—inward looking strategy, outward looking strategy, and regional and sub-regional co-operation. Haq raises questions about the presumed relationship between trade and development and clarifies that trade should not be regarded as the pacesetter in the development strategy for a country but merely as a derivative. Trade strategies, according to Haq, should be embedded in the context of an overall development strategy, not the other way around. He urged developing countries to first define a viable strategy for attacking problems of poverty and inequality and then figuring out trade possibilities geared towards meeting these goals.

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