Lessons for today from past periods of rapid technological change
2019
Files
Detalles de los registros
SignaturaST/ESA/2019/DWP/158
TítuloLessons for today from past periods of rapid technological change
AccesoFull text: wp158_2019 - PDF ;
Resúmen
We provide a history of past periods of rapid technological change starting from the Industrial Revolution continuing up to today. We find that it takes decades for technological breakthroughs to make a difference to the aggregate economy. The reason for this delay is that to realize the value of these breakthroughs requires complementary investments. Second, for good or for bad, government has played an important role in facilitating these transitions through both investments in physical infrastructure and legal reforms. We also emphasize that because technological breakthroughs are difficult to predict, the responses of governments are necessarily improvisational.
1. Introduction -- 2. The Industrial Revolution -- 3. The Second Industrial Revolution and the "Great Leap Forward" -- 4. The Information and Communications Technology Revolution -- 5. Lessons for the Age of Artificial Intelligence.
1. Introduction -- 2. The Industrial Revolution -- 3. The Second Industrial Revolution and the "Great Leap Forward" -- 4. The Information and Communications Technology Revolution -- 5. Lessons for the Age of Artificial Intelligence.
Series
Fecha[New York] : UN, Department of Economic and Social Affairs, Mar. 2019
Descripción
38 p. : graphs, tables
Notas
Includes bibliographical references (p. 30-38).