Advanced Tech, but Growth Slow and Unequal: Paradoxes and Policies
Slowing productivity growth in major economies amid seemingly booming technology presents a paradox. Income inequality has been rising at the same time. Is there a nexus between technology, productivity, and distribution that explains these trends? Indeed so. Slowing productivity and rising inequality have important common drivers, with technological change and its interaction with market and policy failures playing a major cross-cutting role. The agenda to boost productivity and improve equity, often seen in terms of a trade-off, is positively interconnected in significant ways. It will require much innovation in policies to respond to the profound ways in which digital technologies are reshaping markets and work. ByZia QureshiinThe Age of Perplexity: Rethinking the World We Knew.