The Digital Accelerator: Revving Up Government in Asia

2019-03-13T13:58:38-04:00September 26, 2018|

By Vitor Gaspar and Chang Yong Rhee

September 26, 2018

عربي, 中文, Español, 日本語,  Português, Русский,

A driver from the Malaysian ride-hailing tech startup, Grab, picks up a passenger in Jakarta, Indonesia: digitalization is transforming Asia’s businesses and governments (photo: Afif C. Kasuma/iStock by Getty Images)

Asia’s digital revolution shows no signs of slowing down. From e-commerce giants like China’s Alibaba and Japan’s Rakuten, to ride-hailing, and digital payment tech startups, like Indonesia’s Go-Jek and India’s Paytm, and the widespread use of industrial robots for manufacturing, digitalization is changing the way the region’s businesses operate. […]

Chart of the Week: Invest in Robots and People in Asia

2019-03-13T15:09:13-04:00August 29, 2018|

By IMFBlog

August 29, 2018

عربي, 中文, EspañolBaˈhasa indoneˈsia日本語,  Português, Русский,

An engineer adjusts a robot arm in a robotics plant in Shenyang, China, where industrial robots are widely used for manufacturing (photo: Yang Qing Xinhua News Agency/Newscom)

With about 1 million robots in use in Asia, robotics and automation mean economic risks and growth opportunities for the region. […]

Chart of the Week: Japan’s Robots

2019-03-14T10:24:41-04:00June 12, 2018|

By IMFBlog

June 12, 2018

Version in 中文, 日本語

A Panasonic robot moves around the lounge of Tokyo’s Narita International Airport (photo: Yoshio Tsunoda/AAFLO/Alamy Live News)

As Japan’s population ages and the birth rate is too low to sustain growth, the country is no stranger to coping with a limited number of working age people.  […]

The Art in Artificial Intelligence: Make the Robots Serve the Public Good

2019-03-15T12:13:06-04:00January 11, 2018|

By Brian McNeill

January 11, 2018

Versions in 中文 (Chinese), Español (Spanish), Français (French), 日本語 (Japanese),  Русский (Russian)

Artificial intelligence can create a roadmap for future opportunities if utilized appropriately (photo: monsitj/iStock by Getty Images).

Over the past few years, artificial intelligence has rapidly matured as a viable field of technology. Machines that learn from experience, adjust to new inputs, and perform tasks once uniquely the domain of humans, have entered our daily lives in ways seen and unseen. Given the current breakneck pace of change and innovation, the question for governments and policymakers is how to harness the benefits of artificial intelligence, and not be trampled by the robot takeover of our nightmares. The answer is simple: make them work for us. […]

Productivity, Technology, and Demographics

2019-03-25T16:18:29-04:00May 5, 2017|

By IMFBlog

May 5, 2017

Hal Varian, chief economist at Google, says that if technology cannot boost productivity, then we are in real trouble.

In a podcast interview, Varian says thirty years from now, the global labor force will look very different, as working age populations in many countries, especially in advanced economies, start to shrink. While some workers today worry they will lose their jobs because of technology, economists are wondering if it will boost productivity enough to compensate for the shifting demographics—the so-called productivity paradox.

[…]

A Tale of Two Tellers

2019-03-26T16:16:28-04:00August 31, 2016|

Jeff Hayden

by Jeff Hayden

My mother eases her car into the drive-through lane at our local bank, signs the back of her check, and places it in a metal canister. WHOOSH—the cylinder flies through a pneumatic tube to the teller inside the building.

In a few minutes, the teller squawks her thanks from the intercom speaker nearby. Another WHOOSH, and the canister returns. Inside we find a deposit receipt and a lollipop. Welcome to high-efficiency consumer banking, circa 1973.

Summer 2016. In our kitchen, I watch my oldest son rip open his paycheck and whip out his iPhone. TAP. SWIPE. CLICK. The deposit is made in an instant, thanks to an app that plugs him into an electronic banking network.

[…]

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