Will AI kill development?

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Manage episode 230800120 series 1301446
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Ian Goldin asks if robotisation will prevent poorer countries taking the traditional route to prosperity. Since World War Two, nation after nation has more or less followed the same growth path. As the workforce has moved away from farming, they have created low-skilled industrial jobs, utilising their advantage of cheap labour. Gradually they have moved up the value chain, producing more and more sophisticated goods, before moving towards a service economy. But robots can now can replace even a low-paid factory workforce. So what does that mean for countries still struggling near the bottom of the development ladder?

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