ABSTRACT
Problem: The consequences of the innovation economy for the New Globalization.
Research problem: How will the innovation economy impact the New Globalization?
Research questions:
RQ1: How will mass education affect the New Globalization?
RQ2: How will technological competence affect the New Globalization?
RQ3: How will technological innovations affect the New Globalization?
RQ4: How will artificial intelligence (AI) and intelligent robots impact the New Globalization?
RQ5: How will a new high-earning elite affect the New Globalization?
Objective: To develop models and policies to address the various consequences of the innovation economy and the New Globalization.
Methods: Conceptual generalization, literature review, scenario thinking, and economic historical methods.
Findings:
Key points in this chapter
The economy of the future will be driven by technological innovationsThose people who acquire skills in the new technology in combination with a traditional professional education will be able to command high salariesThe jobs of white-collar workers will be automated to a great extent and be replaced by ‘white-collar’ robotsThe implementation of technological innovations will lead to personal crises for many peopleThe economy of the future will be characterized by coordinated wave movements: economic growth mainly controlled by private capital alternating with economic downturns that necessitate collective solutions and government interventions
