Tag: automation

Next-generation technologies and the future of trade

Next-generation technologies and the future of trade

Many forces shape trade flows, including trade policies, changes in the nature and location of consumer demand, and differentials in the costs of labor and other inputs across geographies. Another important, but underappreciated, driver of trade flows is technology. The history of trade reflects the ongoing march of new technological innovations. After the Second Industrial Revolution, for example, the introduction…

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