Mumbai: All over the world, the rise of automation has raised concerns about its impact on employment, especially in poor countries.
However, new research suggests that these fears may be erased. While automation will disrupt the flow of capital from rich to poorer countries, the poorest countries could actually benefit from automation.
In a World Bank study, Mary Hallward-Driemeier and Gaurav Nayyar used greenfield foreign direct investment (FDI) and industrial robot data sets between 2004 and 2015 to investigate the relationship between automation and FDI flows.During the reporting period, High Income Countries (HIC), like the European countries and the United States, […]
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