{"title":"Is investment in technology a threat to employment in the BRICS region","authors":"Tavishi Tewary, I. Jaswal, Shinu Vig","doi":"10.1504/ijtg.2020.10034403","DOIUrl":null,"url":null,"abstract":"This paper makes an attempt to understand and quantify the impact of investment in technology in the BRICS region. The paper adopts the computable general equilibrium model with the GTAP 10 database to achieve the objective. Three scenarios are built to measure the ramifications of this structural transformation. The paper concludes that there will be mixed results for different sectors, and governments of these countries have to step forward to bridge the gap created by the advent of new technologies such as blockchain, and artificial intelligence and robotics. Governments will have to find answers to some pertinent questions such as what policies are required to be framed to enjoy the benefits of technological changes and how can the functioning of labour markets be improved in view of the technological revolution. They will also have to ensure inclusiveness and income equality through new policies.","PeriodicalId":35474,"journal":{"name":"International Journal of Technology and Globalisation","volume":" ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2020-12-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Technology and Globalisation","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1504/ijtg.2020.10034403","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"Social Sciences","Score":null,"Total":0}
引用次数: 0
Abstract
This paper makes an attempt to understand and quantify the impact of investment in technology in the BRICS region. The paper adopts the computable general equilibrium model with the GTAP 10 database to achieve the objective. Three scenarios are built to measure the ramifications of this structural transformation. The paper concludes that there will be mixed results for different sectors, and governments of these countries have to step forward to bridge the gap created by the advent of new technologies such as blockchain, and artificial intelligence and robotics. Governments will have to find answers to some pertinent questions such as what policies are required to be framed to enjoy the benefits of technological changes and how can the functioning of labour markets be improved in view of the technological revolution. They will also have to ensure inclusiveness and income equality through new policies.
期刊介绍：
The IJTG provides a refereed and authoritative source of analysis on the interactions between technological innovation and globalisation. It serves as an international forum for exchange of ideas and views on the global implications of technology for economic growth, sustainable development and international security. IJTG aims to promote communication among policy makers, experts and professionals in government, industry, academia and civil society. IJTG is co-sponsored by the Science, Technology and Globalisation Project at Harvard University"s Belfer Center for Science and International Affairs and the Science, Technology and Innovation Program, housed in Harvard University"s Center for International Development.
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