The Future of the Economy: East-West Perspectives on Pathways Through Disruption, 1st Edition (Hardback) book cover

The Future of the Economy

East-West Perspectives on Pathways Through Disruption, 1st Edition

By John Powers, Vikram Khanna

Routledge

72 pages

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Hardback: 9781138495753
pub: 2018-09-25
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Description

As the pace of economic change seems to only quicken, including rapid technological advance, today’s advanced economies face uncertainty from a number of directions, most of which have the potential to change established modes of thinking and the institutional arrangements that underpin basic economic organization. Labor-saving technological advances are accompanied by risks to jobs due to automation. Work is being made more insecure for a wide variety of workers and skill levels because of shifting capital–labor relationships. Regulatory systems are scrambling to adapt to new technologies in infrastructure planning or to the classification of workers under rapidly proliferating "alternative work arrangements." Even the ties that bind groups of countries together in often long-standing bilateral and multilateral trade relationships are increasingly under strain with the rise of populist economic nationalism in some of the world’s largest economies. Crucial changes are taking place that risk eroding structures of opportunity, as well as public confidence in the institutions charged with economic policy making in many countries. The expert views contained in this book will be valuable to the reader studying or working on the many overlapping issues of economy, technology, and society and thus looking for insights into some of the most pertinent topics in today’s advanced economies.

Taking a multidimensional view, this book synthesizes the main issues and dilemmas facing the economy of the future, seeks to frame the trade-offs in policy terms, while also advancing the discussion towards recommendations and solutions. It focuses on the intersection of work, technology, society, infrastructure, and the economic role of government. In this way, the book is centered on some of the most tangible areas of economic structure that reproduce the gains of growth, but it also addresses matters related to the distribution effects and measures that can produce more inclusive and productive outcomes, including the fundamental role of policy and regulation.

Table of Contents

Foreword

Preface

Chapter 1 - Future of work: reexamining employment and skills

Chapter 2 - New growth industries and the challenge of productivity

Chapter 3 - Inclusive growth and managing trade-offs

Chapter 4 - Infrastructure for the future

Chapter 5 - The role of government in the future of the economy

Chapter 6 – New challenges for the Asian developmental state

Index

About the Authors

John Powers is a Research Fellow at the Lee Kuan Yew Centre for Innovative Cities, Singapore University of Design and Technology, Singapore.

Vikram Khanna is Associate Editor at the Business Times, Singapore.

About the Series

Routledge Studies in the Modern World Economy

In an increasingly interdependent world, many of the most important issues are driven by economic forces. This series applies newly developed economic techniques to some of the most pressing contemporary problems. The aim of the series is to demonstrate the relevance of modern economic theory to the modern world economy, and to provide key reading for researchers and policy-makers.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
SOC008000
SOCIAL SCIENCE / Ethnic Studies / General