Robots and AI : a New economic Era

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Robots and AI Robots and artificial intelligence (AI) are powerful forces that will likely havelarge impacts on the size, direction, andcomposition of international trade flows. This book discusses how industrial robots, automation, and AIaffectinternationalgrowth, trade, productivity, employment, wages, and welfare.The bookexplainsnewapproachesonhowrobots and artificial intelligence affect the world economy by presenting detailed theoretical framework and country-specific as well as firm-product level-specific exercises. This book will be a useful reference for those researching on robots, automation, AI and their economic impacts on trade, industry, and employment. Lili Yan Ing is Lead Advisor (Southeast Asia Region) at the Economic Research Institute for ASEAN and East Asia (ERIA). Dr Ing was appointed as Lead Advisor to the Minister of Trade of the Republic of Indonesia in 2017-2019. Gene M. Grossman is the Jacob Viner Professor of International Economics in the Department of Economics and the School of Public and International Affairs at Princeton University.

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