Introduction by Daniel Gros, Director, CEPS
In his book Globotics, to be published in January 2019, Richard Baldwin, Professor of International Economics at the Graduate Institute, Geneva, offers insights into the way digital technology is changing our society, driving inequality, unemployment, and populism. Digital technology is allowing talented foreigners to telecommute into our workplaces and compete for service and professional jobs. Instant machine translation is melting language barriers, so the ranks of these ‘tele-migrants’ will soon include almost every educated person in the world. Computing power is dissolving humans' monopoly on thinking, enabling AI-trained computers to compete for many of the same white-collar jobs. The combination of globalisation and robotics is creating the globotics upheaval, and it threatens the very foundations of the liberal welfare state.