Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/211329
Authors: 
Baldwin, Richard E.
Forslid, Rikard
Year of Publication: 
2019
Series/Report no.: 
WIDER Working Paper 2019/94
Abstract: 
Globalization and robotics (globotics) are transforming the world economy at an explosive pace since they are driven by digital technology that is advancing in phenomenal increments. This paper - which should be considered a 'thought piece' - argues that the globotics transformation is likely to disable the traditional manufacturing-led development 'journey' of the type China is taking, while enabling the service-led development journey of the type India is following. We start with a historical perspective on the current transformation before turning to a consideration of the technology and a closer look at the economic logic that is making manufacturing jobless and services traded. Finally, we discuss how one might conceptualize service-led development.
Subjects: 
globalization
robotics
service-led development
JEL: 
F10
F14
O10
O14
Persistent Identifier of the first edition: 
ISBN: 
978-92-9256-730-9
Document Type: 
Working Paper

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