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The Globotics Upheaval
304 pages, 2019
At the root of inequality, unemployment and populism is the rapid change in the economy due to technology. Digital technology is allowing talented foreigners to telecommute into our workplaces and compete for service and professional jobs. Instant machine translation is melting language barriers, so that soon just about every educated person in the world will be able to telecommute into our workplaces.
Computing power is dissolving humans' monopoly on thinking, enabling AI-trained computers to compete for many of the same white-collar jobs. The combination of globalization and robotics threatens the very foundations of the liberal welfare state.
In The Globotics Upheaval, Richard Baldwin explores the concept of 'globotics', a blend of globalization and robotics. He suggests that this new era will be marked by rapid technological advancements, leading to significant changes in the global economy and job market.
Baldwin digs into how globotics will impact jobs. He predicts that many white-collar jobs will be automated or outsourced to cheaper overseas labor. This could lead to a major upheaval in the job market, affecting millions of workers worldwide.
One key point Baldwin makes is about the speed of this change. He believes that the globotics revolution will happen much faster than previous technological shifts. This means we need to start preparing now to adapt to these changes.
Baldwin emphasizes the need for individuals and societies to adapt to the globotics revolution. He suggests that education and training will be crucial in helping people acquire the skills needed for the jobs of the future.
In The Globotics Upheaval, Baldwin also discusses the role of governments in managing this transition. He argues that governments need to take proactive steps to mitigate the negative impacts of globotics and ensure that the benefits are widely shared.
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The Globotics Upheaval is a manifesto that ushers us into a future where the artificial intelligence revolution and globalization intersect.
Ian Goldin - Globalisation expertBaldwin's book is a compelling narrative about the future of work in the age of automation and globalization.
Diane Coyle - Economics professorThe Globotics Upheaval is a must-read for anyone who wants to understand the future of our economy in the face of rapid technological change and globalization.
Rana Foroohar - Business columnist