Growth in a Time of Change: Global and Country Perspectives on a New
Agenda is the first of a two-book research project that addresses new
issues and challenges for economic growth arising from ongoing
significant change in the world economy, focusing especially on
technological transformation. The project is a collaboration between
the Brookings Institution and the Korea Development Institute. Part I
of the book looks at key elements of change from a global perspective.
It analyzes how technological change, shifts in investment, and
demographic transition are affecting potential economic growth
globally and across major groups of economies. The contributors
explore possible scenarios for the global economy as the digital
revolution drives rapid technological change, including impacts on
growth, jobs, income distribution, trade balances, and capital flows.
Technology is changing the global configuration of comparative
advantage and globalization increasingly has a digital dimension. The
implications of these developments for the future of sectors such as
manufacturing and for international trade are assessed. Part II of the
book addresses new issues in the growth agenda from the perspective of
an individual major economy: South Korea. The chapters in this section
analyze how macroeconomic developments and technological change are
influencing the behavior of households and firms in terms of their
decisions to consume, save, and invest. Rising income and wealth
inequalities are a major concern globally. Against this backdrop,
trends in the labor income share and wage inequalities in South Korea
are analyzed in terms of the role played by technology, industrial
concentration, shifts in labor demand and supply, and other factors.
Throughout the book, the contributors, in their analysis of both
global and Korea-specific trends and prospects, place emphasis on
drawing implications for policy.
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Global and Country Perspectives on a New Agenda
Produktdetaljer
ISBN
9780815737766
Publisert
2020
Utgiver
Vendor
Brookings Institution Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter