Shifting paradigms : growth, finance, jobs, and inequality in the digital economy /
Zia Qureshi, Cheonsik Woo.
- pages cm
"The future is arriving faster than expected. Long-accepted paradigms about economic growth and distribution are changing as digital technologies transform markets and nearly every aspect of business and work. Change will only intensify as artificial intelligence spawns a new wave of innovations and the COVID-19 pandemic gives added impetus to automation. The new technologies hold great promise. But change also causes disruption, creates winners and losers, and produces social stress. Shifting Paradigms examines the challenges of digital transformation and suggests how creative policies can make it more productive and inclusive. Investors, business leaders, workers, and public officials face many questions. Is rising market concentration in industries inevitable with the new technologies or can their benefits be shared more widely across firms? How can the promise of digital innovations in finance be captured while managing risks? Should workers fear the new automation? Are technology-driven shifts in business and work causing economic inequality to rise? What new challenges arise for public policy in areas such as competition, regulation, workforce development, social protection, and taxation? What new thinking and adaptations are needed to realign institutions and policies with the digital economy?"--