Economic Growth and Automation Risks in Developing Countries Due to the Transition Toward Digital Modernity
Aki Nagano · 2018
This paper is aimed at making recommendations to establish a stewardship to embody the responsibilities and morality that will prevent the automation risks faced by Least Development Countries (LDCs) due to transition toward digital modernity. Recent studies reveal that law qualified individuals in developed countries will face the risks of jobs that are highly subject to automation. This indicates that corresponding risks will be seen in LDCs. The rise of digitalization may override developing country's opportunities to elevate itself from a low-income country to a middle or high-income country. In the aftermath of World War II, western society tried to support LDCs in maintain the principles of a free world system and contribute to reducing poverty through market oriented development. Since the end of Cold War, defense of the free world has lost its significance but economy is getting more important political instrument. Advancement of automation technologies might aggravate opportunities for developing country's economic growth and international society needs the alternative principles.