Why automation in Spanish firms did not cause reshoring | VOX, CEPR Policy Portal
Daron Acemoğlu, Pascual Restrepo Some of the biggest development gains in history have been associated with industrialisation. The path of manufacturing-led development has often been facilitated by offshoring and the integration of developing countries into global supply chains. Recent advances in robotics and machine intelligence have spurred a growing discussion about the prospect of automation substituting for labour in lower-income countries, reducing offshoring and the future scope for manufacturing-led development in parts of the world that have yet to industrialise. This questio...
Source: voxeu.org