Authors: Tavishi Tewary; Isha Jaswal; Shinu Vig
Addresses: Jaipuria Institute of Management, Noida, A-32, opposite IBM, Sector 62, Noida, Uttar Pradesh, 201309, India ' Delhi Metropolitan Education, B-12, Block B, Industrial Area, Sector 62, Noida, Uttar Pradesh, 201301, India ' IMS Ghaziabad, GT Road, Industrial Area, Lal Kuan, Ghaziabad, Uttar Pradesh, 201009, India
Abstract: This paper makes an attempt to understand and quantify the impact of investment in technology in the BRICS region. The paper adopts the computable general equilibrium model with the GTAP 10 database to achieve the objective. Three scenarios are built to measure the ramifications of this structural transformation. The paper concludes that there will be mixed results for different sectors, and governments of these countries have to step forward to bridge the gap created by the advent of new technologies such as blockchain, and artificial intelligence and robotics. Governments will have to find answers to some pertinent questions such as what policies are required to be framed to enjoy the benefits of technological changes and how can the functioning of labour markets be improved in view of the technological revolution. They will also have to ensure inclusiveness and income equality through new policies.
Keywords: labour; BRICS; technology; employment.
International Journal of Technology and Globalisation, 2020 Vol.8 No.3/4, pp.194 - 210
Received: 23 Apr 2020
Accepted: 24 Sep 2020
Published online: 18 Dec 2020 *