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Innovation is not enough

Dani Rodrik

Project Syndicate, June 9, 2016

We seem to be living in an accelerated age of revolutionary technological breakthroughs. Barely a day passes without the announcement of some major new development in artificial intelligence, biotechnology, digitization, or automation. Yet those who are supposed to know where it is all taking us can't make up their minds.
The consequences of any innovation for productivity, employment, and equity ultimately depend on how quickly it diffuses through labor and product markets.