AI/Robotics - Developed/Developing Nations

Sobering news from the United Nations Conference on Trade and Development. From the report....

The “share of occupations that could experience significant automation is actually higher in developing countries than in more advanced ones, where many of these jobs have already disappeared”, and this concerns about two thirds of all jobs

• "Increased use of robots in developed countries erodes traditional labour-cost advantage of developing countries.
• Labour-intensive manufacturing in large developing countries with domestic production linkages is unlikely to be reshored to developed countries. (U.S. TAKE NOTE!)
• Whatever the impacts, outcomes will be shaped by policies.
• Developing countries need to redesign education policies and embrace the digital revolution – this approach should be combined with supportive macroeconomic, industrial and social policies

Now that the commodity bonanza is over, capital flows are reversing and China is turning towards a more balanced growth path driven more by domestic demand than exports, how can Africa and Latin America reignite industrialization? Whatever the chosen strategy, it will have to account for the rapidly increasing spread of new automation technologies and artificial intelligence in the form of robots.

Read more at... http://unctad.org/en/PublicationsLibrary/presspb2016d6_en.pdf