Steering Structural Change : Rethinking Government Policy to Support Fundamental Economic Transformations / edited by Pierre-Olivier Gourinchas, Maurice Obstfeld, and Petia Topalova

Format:

Book

Author/Creator:

Agyeman, Julian, Editor.

Contributor:

Obstfeld, Maurice, Editor.

Topalova, Petia, Editor.

Language:

English

Physical Description:

1 online resource (525 pages)

Edition:

1st ed.

Place of Publication:

Cambridge, Massachusetts : The MIT Press, [2026]

System Details:

PDF

Summary:

Steering Structural Change explores looming transformations that both advanced and developing economies face as rising geopolitical tensions, accelerating climate change, and advances in technology disrupt economic structures. These seismic factors demand a fundamental reconsideration of economic policies. Even though there is a general understanding of the policy measures and reforms needed at this juncture, the unequal economic effects and political economy obstacles that they entail can impede their implementation. Technological advances, such as digitalization, automation, and AI, will disrupt labor markets as productivity improvements enhance some occupations but obviate others. The clear aggregate benefits of technological progress will come with large and long-lasting adjustment costs. Uniquely captured in this edited collection, the current debate among experts and economists will help guide the design of effective policies to prepare workers, ease the process of reallocation, and ensure that the collective benefits are broadly shared.

Notes:

Description based on publisher supplied metadata and other sources.

Prepublication metadata

ISBN:

0-262-05192-3

0-262-05193-1

OCLC:

1587071545