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Tag Archives: robots

The Digital Accelerator: Revving Up Government in Asia

By Vitor Gaspar and Chang Yong Rhee September 25, 2018 عربي, 中文, Русский A driver from the Malaysian ride-hailing tech startup, Grab, picks up a passenger in Jakarta, Indonesia: digitalization is transforming Asia’s businesses and governments (photo: Afif C. Kasuma/iStock by Getty Images) Asia’s digital revolution shows no signs of slowing down. From e-commerce giants like China’s Alibaba and Japan’s Rakuten, to ride-hailing, and digital payment tech startups, like Indonesia’s Go-Jek...

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Chart of the Week: Invest in Robots and People in Asia

By IMFBlog August 29, 2018 An engineer adjusts a robot arm in a robotics plant in Shenyang, China, where industrial robots are widely used for manufacturing (photo: Yang Qing Xinhua News Agency/Newscom) With about 1 million robots in use in Asia, robotics and automation mean economic risks and growth opportunities for the region. For Asia to fully reap this digital opportunity as the world’s main engine of growth, countries need to revamp their education systems and invest in...

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Chart of the Week: Japan’s Robots

By IMFBlog June 12, 2018 Version in 中文 A Panasonic robot moves around the lounge of Tokyo's Narita International Airport (photo: Yoshio Tsunoda/AAFLO/Alamy Live News) As Japan’s population ages and the birth rate is too low to sustain growth, the country is no stranger to coping with a limited number of working age people.  As shown in our Chart of the Week, which we also feature in the latest issue of Finance and Development, Japan is still a leader in robot production and...

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The Art in Artificial Intelligence: Make the Robots Serve the Public Good

By Brian McNeill January 11, 2018 Versions in Español (Spanish) Artificial intelligence can create a roadmap for future opportunities if utilized appropriately (photo: monsitj/iStock by Getty Images). Over the past few years, artificial intelligence has rapidly matured as a viable field of technology. Machines that learn from experience, adjust to new inputs, and perform tasks once uniquely the domain of humans, have entered our daily lives in ways seen and unseen. Given the current...

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Productivity, Technology, and Demographics

By IMFBlog May 5, 2017 Hal Varian, chief economist at Google, says that if technology cannot boost productivity, then we are in real trouble. In a podcast interview, Varian says thirty years from now, the global labor force will look very different, as working age populations in many countries, especially in advanced economies, start to shrink. While some workers today worry they will lose their jobs because of technology, economists are wondering if it will boost productivity enough to...

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Robots, Growth & Inequality

by iMFdirect Are robots taking over the world economy? Life imitates art, and as robotic technology becomes more sophisticated, robots could soon become perfect substitutes for human labor. In this podcast, IMF economist Andy Berg says the robot revolution could lead to greater inequality. Berg is coauthor of Robots, Growth, and Inequality published in the September 2016 edition of Finance & Development magazine. Technology drives growth. Now, the average American worker works 17 weeks...

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A Tale of Two Tellers

by Jeff Hayden My mother eases her car into the drive-through lane at our local bank, signs the back of her check, and places it in a metal canister. WHOOSH—the cylinder flies through a pneumatic tube to the teller inside the building. In a few minutes, the teller squawks her thanks from the intercom speaker nearby. Another WHOOSH, and the canister returns. Inside we find a deposit receipt and a lollipop. Welcome to high-efficiency consumer banking, circa 1973. Summer 2016. In our kitchen, I...

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