“You can see the computer age everywhere, except in productivity statistics” – Robert Solow, 1987. “Thus for the first time since his creation man will be faced with his real, his permanent problem how to use his freedom from pressing economic cares, how to occupy the leisure… Three-hour shifts or a fifteen-hour week may putContinueContinue reading “Navigating Through the AI Revolution”
Tag Archives: productivity
This Time It’s Different?
It is often said that the invention of steam engine in the 18th century was one of the world’s greatest inventions in the past one thousand years. The printing press, electric lightbulb, vaccination, and computer are also among the top of the list. These inventions are considered great not solely due to their direct usageContinueContinue reading “This Time It’s Different?”
Lessons from Japan: Automation and Reshoring of Supply Chain
Download PDF: automation-and-reshoring-of-supply-chainDownload There are two main drivers of global deflationary trend in the past 30 years: rising global trade allowed by the shift towards greater openness in China and former Soviet countries and the explosion of productive-age population facilitated by the baby boomer generation (Chart 1). In 1989, the wage gap between the developedContinueContinue reading “Lessons from Japan: Automation and Reshoring of Supply Chain”
South Africa: The Good, The Bad, And The Ugly
Download PDF: southafrica_full202011Download South African government released its medium-term budget plan late last October, highlighting the steps it will take to bring the country’s spiraling public debt under control. South African assets had been bombed out this year, which offers attractive investment opportunities from a tactical point of view. However, structural outlook remains bleak andContinueContinue reading “South Africa: The Good, The Bad, And The Ugly”
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