All or nothing: Why some countries could stay poor forever
Automation threatens to undermine the classical development narrative. Given the unprecedented confluence of technological, political and demographic factors, this latest wave of AI-driven innovation could have profound implications for the balance of global growth.
The removal of a key stepping stone on the growth path for less developed countries risks creating a chasm they cannot traverse. The second order impact is upsized in Emerging Markets. Could some countries be doomed to eternal poverty?