Key findings: Increased use of robots in developed countries erodes traditional labour-cost advantage of developing countries.
Labour-intensive manufacturing in large developing countries with domestic production linkages is unlikely to be reshored to developed countries.
Whatever the impacts, outcomes will be shaped by policies. Developing countries need to redesign education policies and embrace the digital revolution – this approach should be combined with supportive macroeconomic, industrial and social policies. Abstract:Industrialization has historically been synonymous with development, while deindustrialization is a well-established trend in mature developed economies as they move towards services-based economies. Yet recent trends show that many developing countries […]