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Opening Lecture (MAD) Saturday, 17/10 from 2 pm to 4 pm Covid, Globotics & the Future of Work

Richard E. Baldwin is a professor of international economics at the Graduate Institute of International and Development Studies in Geneva, where he has been researching globalization and trade for the past 30 years. He is also ex-President of the Centre for Economic Policy Research (CEPR) and Editor-in-Chief of VoxEU, which he founded in June 2007. He is a research associate at the National Bureau of Economic Research. He was twice elected as a Member of the Council of the European Economic Association. After obtaining a bachelor's degree in economics from the University of Wisconsin-Madison in 1980, he received a master's degree from the London School of Economics in 1981. He completed his PhD at MIT in 1986 under the guidance of Paul Krugman, with whom he has coauthored half a dozen articles. He received honorary doctorates from the Turku School of Economics (Finland), University of St. Gallen (Switzerland) and Pontifical Catholic University of Peru (PUCP). He was Associate Professor (19891991) and Assistant Professor (19861989) at Columbia University Business School. In 19901991 he followed trade matters for the President's Council of Economic Advisors in the Bush White House. He worked as an Associate Economic Affairs Officer for UNCTAD in the early 1980s. In 1991 he joined the Graduate Institute of International and Development Studies as Professor of International Economics, where he has remained. He has also been a visiting research professor at MIT (2003), Oxford (2012-2015), and is still an Associate Member of Nuffield College at Oxford University. He has consulted for many governments and international organisations including the EU, the OECD, the World Bank, EFTA, and USAID. He has published extensively in the areas of globalisation, international trade, regionalism, WTO, European integration, economic geography, political economy and growth, and is recognised as an expert on the economic drivers and risks of globalisation. His book, The Great Convergence: Information Technology and the New Globalization, was published in November 2016 and listed among the Best Books of 2016 by The Financial Times and The Economist magazine. He also writes extensively on current economic policy. His  latest book, The Globotics Upheaval: Globalization, Robotics and the Future of Work, addresses the role of digital technology in driving both globalisation and automation of service and professional jobs in advanced economies.

Between 1820 and 1990, the share of world income going to todays wealthy nations soared from twenty percent to almost seventy. Since then, that share has plummeted to where it was in 1900. As the renowned economist Richard Baldwin reveals, this reversal of fortune reflects a new age of globalization that is drastically different from the old. The nature of globalization has changed, but our thinking about it has not. Baldwin argues that the New Globalization is driven by knowledge crossing borders, not just goods. That is why its impact is more sudden, more individual, more unpredictable, and more uncontrollable than before―which presents developed nations with unprecedented challenges as they struggle to maintain reliable growth and social cohesion. It is the driving force behind what Baldwin calls The Great Convergence, as Asian economies catch up with the West.

Automation, artificial intelligence and robotics are changing our lives quickly - but digital disruption goes much further than we realize. Richard Baldwin, one of the world's leading globalization experts, argues that the inhuman speed of this transformation threatens to overwhelm our capacity to adapt. When technology enables people from around the world to be a virtual presence in any given office, globotics will disrupt the lives of millions of skilled workers much faster than automation, industrialization and globalization disrupted lives in previous centuries. What measures will people and governments take in response to such a tectonic economic and cultural shift? How do we avoid the prospect of undermining the very foundations of prosperity? Whilst the changes are now inevitable, there are strategies that humanity can use to adapt to this new world, employing the indispensable skills that no machine can copy: creativity and independent thought. The Globotics Upheaval will help each of us prepare for the oncoming wave of the advanced robotic workforce.


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