{"title":"Economic growth by catch-up nations in an age of neo-protectionism and smart automation","authors":"Nurullah Gur","doi":"10.1111/ecaf.12670","DOIUrl":null,"url":null,"abstract":"<p>The global economic landscape has recently undergone significant changes, marked by the rise of neo-protectionist policies and the emergence of a new techno-economic paradigm driven by smart automation technologies such as artificial intelligence and robots. Advanced nations have increasingly used neo-protectionism and smart automation technologies to address their structural problems. These policies will inevitably trigger changes in global supply chains and trade networks. This could undermine the competitive advantages of catch-up nations, and an economic growth strategy centred on foreign direct investments. While these changes in the global economy may have negative impacts on the economic progress of some catch-up countries, they may open new windows of opportunity for others. This article examines the challenges and opportunities for catch-up nations in an era of neo-protectionism and smart automation technologies.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"44 3","pages":"446-464"},"PeriodicalIF":1.0000,"publicationDate":"2024-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"ECONOMIC AFFAIRS","FirstCategoryId":"91","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/ecaf.12670","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
The global economic landscape has recently undergone significant changes, marked by the rise of neo-protectionist policies and the emergence of a new techno-economic paradigm driven by smart automation technologies such as artificial intelligence and robots. Advanced nations have increasingly used neo-protectionism and smart automation technologies to address their structural problems. These policies will inevitably trigger changes in global supply chains and trade networks. This could undermine the competitive advantages of catch-up nations, and an economic growth strategy centred on foreign direct investments. While these changes in the global economy may have negative impacts on the economic progress of some catch-up countries, they may open new windows of opportunity for others. This article examines the challenges and opportunities for catch-up nations in an era of neo-protectionism and smart automation technologies.
期刊介绍：
Economic Affairs is a journal for those interested in the application of economic principles to practical affairs. It aims to stimulate debate on economic and social problems by asking its authors, while analysing complex issues, to make their analysis and conclusions accessible to a wide audience. Each issue has a theme on which the main articles focus, providing a succinct and up-to-date review of a particular field of applied economics. Themes in 2008 included: New Perspectives on the Economics and Politics of Ageing, Housing for the Poor: the Role of Government, The Economic Analysis of Institutions, and Healthcare: State Failure. Academics are also invited to submit additional articles on subjects related to the coverage of the journal. There is section of double blind refereed articles and a section for shorter pieces that are reviewed by our Editorial Board (Economic Viewpoints). Please contact the editor for full submission details for both sections.
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