nhaliday + automation + longform   5

Sending Jobs Overseas
*The Great Convergence*: http://marginalrevolution.com/marginalrevolution/2016/11/the-great-convergence.html

Richard Baldwin on the New Globalization: https://marginalrevolution.com/marginalrevolution/2018/04/the-new-globalization.html
To really understand how this changed the nature of globalization, consider a sports analogy. Suppose we have two football teams, one that needs a quarterback but has too many linebackers, and one that needs a linebacker but has too many quarterbacks. If they sit down and trade players, both teams win. It’s arbitrage in players. Each team gets rid of players they need less of and gets players they need more of. That’s the old globalization: exchange of goods.

Now let’s take a different kind of exchange, where the coach of the better team goes to the field of the worse team and starts training those players in the off-season. This is very good for the coach because he gets to sell his knowledge in two places. You can be sure that the quality of the league will rise, all the games will get more competitive, and the team that’s being trained up will enjoy the whole thing. But it’s not at all certain that the players of the better team will benefit from this exchange because the source of their advantage is now being traded.

In this analogy, the better team is, of course, the G7, and not surprisingly this has led to some resentment of globalization in those countries. The new globalization breaks the monopoly that G7 labor had on G7 know-how…

good reviews here:
The Great Convergence: Information Technology and the New Globalization: https://www.amazon.com/Great-Convergence-Information-Technology-Globalization/dp/067466048X
news  org:ngo  letters  essay  rhetoric  right-wing  nascent-state  politics  polisci  policy  economics  growth-econ  trade  world  nationalism-globalism  vampire-squid  developing-world  china  asia  ideology  democracy  populism  technocracy  usa  labor  compensation  contrarianism  capital  capitalism  britain  heavy-industry  unintended-consequences  hmm  idk  technology  internet  roots  chart  zeitgeist  europe  the-great-west-whale  books  summary  review  cost-benefit  automation  korea  india  latin-america  africa  egalitarianism-hierarchy  robust  human-capital  knowledge  density  regulation  micro  incentives  longform  government  rot  malaise  nl-and-so-can-you  sinosphere  expansionism  the-world-is-just-atoms  scale  paleocon  kumbaya-kult  madisonian  counter-revolution  modernity  convergence  class-warfare  multi  econotariat  marginal-rev  commentary  volo-avolo  heterodox  definite-planning  stagnation  psycho-atoms 
may 2017 by nhaliday
Will Your Job Be Done By A Machine? : Planet Money : NPR
news  org:mag  automation  economics  objektbuch  prediction  database  search  data  technology  dynamic  planning  definite-planning  speedometer  tools  the-bones  labor  calculator  org:rec  org:anglo  org:biz  visualization  distribution  trends  heavy-industry  80000-hours  analysis  econotariat  cracker-econ  commentary  left-wing  multi  org:sci  chart  longform  investing  money  scale  org:edu  ratty  futurism  iteration-recursion  multiplicative  autor 
january 2017 by nhaliday

bundles : dismalityeconmeta

related tags

80000-hours  africa  analysis  asia  assortative-mating  automation  autor  behavioral-gen  being-right  biodet  books  britain  business  calculator  capital  capitalism  chart  china  class  class-warfare  classic  cog-psych  coming-apart  commentary  compensation  contrarianism  convergence  cost-benefit  counter-revolution  cracker-econ  current-events  data  database  definite-planning  democracy  density  developing-world  dirty-hands  distribution  dynamic  economics  econotariat  education  egalitarianism-hierarchy  embodied  essay  europe  expansionism  futurism  germanic  government  growth-econ  gwern  harvard  heavy-industry  heterodox  higher-ed  history  hmm  human-capital  ideology  idk  incentives  india  inequality  infographic  internet  investing  iq  iteration-recursion  knowledge  korea  kumbaya-kult  labor  latin-america  left-wing  letters  longform  madisonian  malaise  marginal-rev  micro  mobility  modernity  money  mooc  mostly-modern  multi  multiplicative  murray  nascent-state  nationalism-globalism  news  nl-and-so-can-you  objektbuch  org:anglo  org:biz  org:data  org:edu  org:mag  org:ngo  org:rec  org:sci  paleocon  pdf  planning  policy  polisci  politics  populism  prediction  propaganda  psycho-atoms  psychology  psychometrics  ratty  realness  regulation  review  rhetoric  right-wing  robust  roots  rot  safety  scale  science  search  sinosphere  social-science  society  sociology  speedometer  stagnation  study  summary  supply-demand  technocracy  technology  the-bones  the-great-west-whale  the-south  the-world-is-just-atoms  tools  track-record  trade  trends  unintended-consequences  usa  utopia-dystopia  vampire-squid  visualization  volo-avolo  winner-take-all  world  zeitgeist 

Copy this bookmark: