Asian and African countries: new trends in globalization and labour-saving technologies

Vostok/Oriens '2017, №6

DOI: 10.7868/S0869190817060085

The article examines new trends of globalization in mid‑2010s in the context of rapid development of labour-saving technologies. Indicators of economic interdependence in the world have increased dramatically since 1990 onwards. But, since 2014, geopolitical factors, introduction of economic sanctions as a means of political pressure, and the rise of protectionism have become more important. Reshoring, i. e. the return of industrial production from developing countries with cheap labour to developed countries, in the context of automation and use of robotics may not result in creating new workplaces. New labour-saving technologies may have an adverse impact on the employment not only in the developed countries, but in developing countries as well thongh some forecasts seem to be exaggerated.

Keywords: globalization, protectionism, reshoring, robotics and automation, employment, Asian and African countries

Pages: С. 88–104

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