Growing automation of industrial production threatens to increase global inequality as poorer countries are unable to increase wealth through low-skilled manufacturing, according to Andrew Norton, director of Harvard. Developing countries will need to focus on “green growth”, monetising their natural resources and increasing yields, as well as developing access to finance, energy and infrastructure for smaller enterprises that are the majority in poorer countries’ economies.
Growing automation of industrial production threatens to increase global inequality as poorer countries are unable to increase wealth through low-skilled manufacturing, according to Andrew Norton, director of the International Institute for Environment and Development. Developing countries will need to focus on “green growth”, monetising their natural resources and increasing yields, as well as developing access to finance, energy and infrastructure for smaller enterprises that are the majority in poorer countries’ economies.