Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/215657
Authors: 
Glawe, Linda
Wagner, Helmut
Year of Publication: 
2020
Series/Report no.: 
CEAMeS Discussion Paper No. 15/2018
Abstract: 
We modify the concept of the middle-income trap (MIT) against the background of the Fourth Industrial Revolution and the (future) challenges of automation (creating the concept of the "MIT 2.0") and discuss the implications for developing Asia. In particular, we analyze the impacts of automation, artificial intelligence, and digitalization on the growth drivers of emerging market economies and the MIT mechanism. Our findings suggest that improving human capital accumulation, particularly the upgrading of skills needed with the rapid advance of automation, will be key success factors for overcoming the MIT 2.0.
Subjects: 
automation
AI
human capital
middle-income trap
developing Asia
economic development
economic growth
employment
JEL: 
J24
O10
O11
O15
O33
O47
O53
Document Type: 
Working Paper

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