Robots and AI: A New Economic Era (Routledge-ERIA Studies in Development Economics)

Robots and artificial intelligence (AI) are powerful forces that will likely have large impacts on the size, direction, and composition of international trade flows. This book discusses how industrial robots, automation, and AI affect international growth, trade, productivity, employment, wages, and welfare. The book explains new approaches on how robots and artificial intelligence affect the world economy by presenting detailed theoretical framework and country-specific as well as firm-product level-specific exercises.

This book will be a useful reference for those researching on robots, automation, AI and their economic impacts on trade, industry, and employment.

The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

Lili Yan Ing is Lead Advisor (Southeast Asia Region) at the Economic Research Institute for ASEAN and East Asia (ERIA). Dr Ing was appointed as Lead Advisor to the Minister of Trade of the Republic of Indonesia in 2017–2019.

Gene M. Grossman is the Jacob Viner Professor of International Economics in the Department of Economics and the School of Public and International Affairs at Princeton University.