Format:
1 Online-Ressource (circa 25 Seiten)
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Series Statement:
Policy research working paper 9097
Content:
For decades, manufacturers around the world have outsourced production to countries with lower labor costs. However, there is a concern that robotization in high-income countries will challenge this shifting international division of labor known as the "flying geese" paradigm. Greenfield foreign direct investment decisions constitute a forward-looking indicator of where production is expected, rather than trade flows that reflect past investment decisions. Exploiting differences across countries and industries, the intensity of robot use in high-income countries has a positive impact on foreign direct investment growth from high-income countries to low- and middle-income countries over 2004-15. Past a threshold, however, increased robotization in high-income countries has a negative impact on foreign direct investment growth. Only 3 percent of the sample exceeds the threshold level beyond which further automation results in negative foreign direct investment growth and is consistent with re-shoring. For another 25 percent of the sample, the impact of robotization on the growth of foreign direct investment is positive, but at a rate that is declining. So, although these are early warning signs, automation in high-income countries has resulted in growing foreign direct investment for more than two-thirds of the sample under consideration. Some geese may be slowing, but for now, most continue to fly
Additional Edition:
Erscheint auch als Druck-Ausgabe Hallward-Driemeier Mary Have Robots Grounded The Flying Geese? Evidence From Greenfield FDI In Manufacturing Washington, D.C : The World Bank, 2019
Language:
English
Keywords:
Graue Literatur
DOI:
10.1596/1813-9450-9097
URL:
Deutschlandweit zugänglich
Author information:
Hallward-Driemeier, Mary 1966-
Author information:
Nayyar, Gaurav 1981-
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