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Tag Archives: Digital economy

Is tech redefining the workplace for women?

Laura Nurski, Sabine Theresia Köszegi and Giuseppe Porcaro explore the relationship between artificial intelligence and job transformation and ask whether the impact differs by gender. Today, work is often segregated by gender — with great ramifications for women across the world. Will increased use of technology decrease or increase current discrepancies? What can we do today in our schools and workplaces to help women in the future? Bruegel’s own Giuseppe Porcaro spoke to Bruegel...

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Europe doesn’t need a ‘Mega-Fab’

Europe should defend its existing dominance in equipment manufacturing for semiconductors and invest in chip design instead of luring high-end fabrication to its shores. By: Niclas Poitiers Date: September 22, 2021 Topic: Global Economics & Governance The computer chips that power our digital economy have become pawns in the geopolitical tussle between the great powers. Digital devices such as smartphones or laptops are China’s most important export. ‘Information and...

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Opening up digital platforms and reducing anticompetitive risks

The current convergence in measures to open up digital platforms leaves a door open to some form of international coordination. By: Georgios Petropoulos Date: September 22, 2021 Topic: Innovation & Competition Policy Regulation of online platforms in China, the European Union and the United States is, for first time, moving in the same direction: regulators are pushing platforms to open up their infrastructure to increase consumer choice and to give more options to their...

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El Salvador’s great crypto experiment

Can bitcoin surpass the dollar in popularity and make El Salvador the first state to operate entirely with a private currency? By: Maria Demertzis Date: September 14, 2021 Topic: Finance & Financial Regulation This piece was original published in Money Review and is forthcoming in El Economista. In September 2021, the government of El Salvador became the first to make bitcoin legal tender. This means it can now be used to make payments and settle debts, if businesses have...

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The great infodemic: time to consider a fake news tax

A content-based tax on the revenue from digital advertising is needed to prevent the monetisation of fake news by both creators and platforms. By: Georgios Petropoulos Date: August 26, 2021 Topic: Innovation & Competition Policy In a speech delivered at the Munich Security Conference on 15 February 2020, the Director-General of the World Health Organization (WHO) noted that “fake news spreads faster and more easily than this virus, and is just as dangerous”. In fact, we are in...

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Are robots taking our jobs?

What will be the impact of automation on the economy? Bruegel's own Giuseppe Porcaro discusses with Aaron Benanav, Laura Nurski, and Alexis Moraitis.  In the future, what forces will cause the economy to grow and stagnate? What impact will AI and automation have on the economy? Is capitalism a sustainable economic model? Today on The Sound of Economics, we’re asking the big questions. In order to find answers, our own Giuseppe Porcaro hosts Aaron Benanav, recent author of Automation and the...

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Algorithmic management is the past, not the future of work

Algorithmic management is the twenty-first century’s scientific management. Job quality measures should be included explicitly in health and safety risk assessments for workplace artificial-intelligence systems. AI in the workplace: what’s at stake? The use of artificial intelligence in the workplace has been hailed as both the future of work and its destruction. Worker-friendly applications of AI in the workplace include the automation of dangerous, dirty and dull tasks, strategic workforce...

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Money, money, money!

The nature of money is under scrutiny as central banks begin pondering issuing digital currencies By: The Sound of Economics Date: April 30, 2021 Topic: European Macroeconomics & Governance What is a central bank digital currency (CBDC)? How is it different from the money in a private bank account, or from cryptocurrencies? What do consumers stand to gain from CBDCs? Have cryptocurrencies enabled the creation of the technology needed to guarantee anonymity, privacy and...

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Central bank currencies going digital

Electronic cash might be the future, but it is still unclear what payment innovation it offers for the public, certainly in the euro area. And it is unlikely to fully replace the comfort the consumer feels in having money under the mattress. This opinion piece was originally published in the Money Review section of Kathimerini and is forthcoming in El Economista. Central banks often update the money they issue to include new features. The next update will be to introduce a digital version...

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Regulating big tech: the Digital Markets Act

The European Union’s proposed Digital Markets Act will attempt to control online gatekeepers by subjecting them to a wider range of upfront constraints. Digital market forces drive huge efficiency gains. But they also create winner-take-all dynamics that can, left unchecked, lead to monopolistic markets and hurt consumers in the long-run. Slow-moving competition policy tools are ill-equipped to fully address these digital concerns. (1) The DMA was proposed alongside the Digital Services Act...

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