The last wave of globalisation delivered enormous economic benefits. But the massive social disruption and displacement fell disproportionately on less-skilled workers, helping to spawn the current populist revolt. The next wave of globalisation, however, might prove different, as emerging technologies combine with global economic forces to create a whole new set of opportunities and challenges.
Richard Baldwin, one of the world's leading globalisation experts, argues that the inhuman speed of this transformation threatens to overwhelm our capacity to adapt. Digital technology is allowing talented foreigners to telecommute into our workplaces and compete for service and professional jobs. Instant machine translation is melting language barriers, so the ranks of these "tele-migrants" will soon include almost every educated person in the world. The combination of globalisation and rising automation means the next wave of disruption could risk a globotics upheaval that threatens the very foundations of the liberal welfare state.
Professor Baldwin gave a talk on his new book, 'The Globotics Upheaval: Globalization, Robotics, and the Future of Work.'
You can purchase copies of 'The Globotics Upheaval' from Booktopia, Amazon AU and Hachette Australia.