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Growth in a Time of Change
Global and Country Perspectives on a New Agenda
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Publisher:
2020
Summary
Growth in a Time of Change: Global and Country Perspectives on a New Agenda is the first of a two-book research project that addresses new issues and challenges for economic growth arising from ongoing significant change in the world economy, focusing especially on technological transformation. The project is a collaboration between the Brookings Institution and the Korea Development Institute.
Part I of the book looks at key elements of change from a global perspective. It analyzes how technological change, shifts in investment, and demographic transition are affecting potential economic growth globally and across major groups of economies. The contributors explore possible scenarios for the global economy as the digital revolution drives rapid technological change, including impacts on growth, jobs, income distribution, trade balances, and capital flows. Technology is changing the global configuration of comparative advantage and globalization increasingly has a digital dimension. The implications of these developments for the future of sectors such as manufacturing and for international trade are assessed.
Part II of the book addresses new issues in the growth agenda from the perspective of an individual major economy: South Korea. The chapters in this section analyze how macroeconomic developments and technological change are influencing the behavior of households and firms in terms of their decisions to consume, save, and invest. Rising income and wealth inequalities are a major concern globally. Against this backdrop, trends in the labor income share and wage inequalities in South Korea are analyzed in terms of the role played by technology, industrial concentration, shifts in labor demand and supply, and other factors.
Throughout the book, the contributors, in their analysis of both global and Korea-specific trends and prospects, place emphasis on drawing implications for policy.
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Bibliographic data
Copyright year
2020
ISBN-Print
978-0-8157-3775-9
ISBN-Online
978-0-8157-3776-6
Publisher
Rowman & Littlefield, Lanham
Language
English
Pages
backcover1
Product type
Edited Book
Table of contents
ChapterPages
Table of Contents No access
Preface No access
Acknowledgments No access
Technology, Change, and a New Growth Agenda No access
Subdued Potential Growth: Sources and Remedies No access
Stagnation vs. Singularity: The Global Implications ofAlternative Productivity Growth Scenarios No access
The Future of Global Manufacturing No access
The Digital Transformation of International Trade No access
A Shift in the Economic Policy Paradigm No access
Growth and Distribution: No Longer Compatible with Each Other? No access
Change in Labor Income Share in Korea: Finding from Firm-Level Data No access
Technological Change and the Rise of Corporate Saving: A Korean Case Study No access
Rise of Household Debt and Spending in Korea: Evidence and Policy Implications No access
