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Tag Archives: Innovation & Competition Policy

The skills of the future

‘Technological change is revolutionising the workplace’, ‘the future is automated’ and ‘a robot will be doing my work before long’ are phrases we hear a lot when it comes to discussing the impact of technological advancement on the labour market and skills. But what is the real impact of robots or AI on the workforce? And, how can we steer technological change in a direction that is labour-complementing and welfare enhancing? How can governments and businesses help workers to adapt to...

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The coming productivity boom

AI and other digital technologies have been surprisingly slow to improve economic growth. But that could be about to change. The last 15 years have been tough times for many Americans, but there are now encouraging signs of a turnaround. Productivity growth, a key driver for higher living standards, averaged only 1.3% since 2006, less than half the rate of the previous decade. But on June 3, the US Bureau of Labor Statistics reported that US labour productivity increased by 5.4% in the first...

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Inflation, inequality and immigration: Spelling the digital recovery with three “I”s

The digital transition offers us a new opportunity to reach out across the global economy - hopefully we will find the strength to use it. This article was originally published by the OECD Forum Network is part of a series in which OECD experts and thought leaders — from around the world and all parts of society — address the COVID-19 crisis, discussing and developing solutions now and for the future. Aiming to foster the fruitful exchange of expertise and perspectives across fields to help...

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Digital European Economic Sovereignty? The Case of Semiconductors

Study prepared for the European Parliament's Committee on Foreign Affairs (AFET). The original paper is available on the European Parliament’s webpage. Copyright remains with the European Parliament at all times. The notion of European ‘strategic sovereignty’ is increasingly important in debates about the European Union. Given rapidly shifting global geopolitical and technology trends, and the seeming fragmentation of the multilateral order, the EU is being forced to confront its own...

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Research and innovation policies and productivity growth

Can research and innovation policies power growth? The answer currently can only be a timid yes. Too little is known of what drives the actual effects of R&I policies. By: Reinhilde Veugelers Date: May 10, 2021 Topic: Innovation & Competition Policy This Working Paper is an output from the MICROPROD project,which received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement no. 822390. We review the evidence on the...

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Bruegel annual report 2020

The Bruegel annual report provides a broad overview of the organisation's work in the previous year. The annual report includes an overview of Bruegel’s research, governance and financial statements, and takes stock of Bruegel’s accomplishments and impact during 2020. Bruegel will continue to work to develop a proactive European strategy to deal with all the challenges ahead, providing free and open access to its research.

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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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We need more bias in artificial intelligence

What makes one vision more desirable than another is not its neutrality, but whether it can better serve one’s goals in the context of where those goals are being pursued. By: Mario Mariniello Date: April 21, 2021 Topic: European Macroeconomics & Governance This opinion piece is forthcoming in Il Sole 24 Ore. The Muller-Lyer optical illusion consists of two lines of equal length that differ only in the direction of arrowheads at either end. Yet, to most observers, the line...

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An update: Vaccination in the EU

Progress has been made, but more progress is needed. The slow pace of COVID-19 vaccinations in the EU has been a cause of great concern, and with good reason. It is causing loss of life and well-being, as well as harm to the EU economy. When we say that the pace of vaccination is slow, it is natural to ask: compared to what? The figure below depicts the number of COVID-19 cases per day per million of population and the current rate of vaccinations per day for a broad selection of OECD...

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The four pillars of a digital strategy

The European Commission’s digital compass attempts to build strong fundamentals. It is a start. An ambitious digital agenda however requires a strategy that is all encompassing and coherent. This opinion piece was originally published in the Money Review section of Kathimerini and is forthcoming in El Economista. On 9 March, the European Commission published a Digital Compass to help advance EU ambitions for a digital transformation by 2030. The proposals rest on four points: 1) ensure...

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