Wave Of Technological Change Research Articles

Technological Advance, Economic Growth, and the Distribution of Income

The relationships among technological advance economic growth and distribution of income are examined. The author first considers situation in nineteenth-century Western Europe. He then notes that the new wave of technological change--computerization automation robotization--is progressively reducing role of labor in production leading to increasing technological unemployment and exerting a socially undesirable effect on income distribution. The different options open to governments of developed and developing countries to alleviate resulting problems are reviewed. (summary in FRE SPA) (EXCERPT)