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Paths to development and “The Second Machine Age”

Was fortunate enough to attend an event with Erik Brynjolfsson and Andrew McAfee yesterday discussing “The Second Machine Age” (coming out Jan. 20).

It’s in the same field as Tyler Cowen’s “Average is Over”, discussing how technological advances might reshape society – with emphasis on “might”, as they see room for current decisions to affect future outcomes.

I think we’ve heard a lot about how as machines get smarter and take over more cognitive jobs, the big question is what those displaced workers will do. As much as this will affect workers in America, the question is frankly even more relevant for developing countries. Developing countries often compete on the basis of low-cost labour. What will happen when that path to development is cut off? While a small fraction of those in the U.S. can be expected to benefit extraordinarily from the new system, we can expect even fewer from developing countries to reap such rewards.

Highly important topic for anyone interested in development.

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