Second, automation takes place only where it is both technically and economically feasible, and it has so far been concentrated in the region’s capital-intensive manufacturing with relatively low employment levels.
“Advances in new technologies will raise incomes and increase demand from Asia’s rising consumer class,” ADB President Mr. Takehiko Nakao said at the Governors’ seminar during ADB’s 51st annual meet. (Image Credit: Twitter) As Asia and the Pacific seeks inclusive and sustainable economic growth, countries are adapting to the possibility that new technologies in fields such as robotics and artificial intelligence may lead to challenges for some industries and […]
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