"Econ 102" with Noah Smith and Erik Torenberg cover image

AI, Software, and White-Collar Jobs

"Econ 102" with Noah Smith and Erik Torenberg

CHAPTER

Economic Opportunities and Challenges in Developing Nations

This chapter delves into the promising economic landscape of developing countries like Indonesia, Bangladesh, and the Philippines, emphasizing investment for both humanitarian and profit motives. It critically examines the role of foreign aid versus remittances in fostering long-term development and debates the compensation of unpaid childcare work. The chapter also analyzes the effects of Universal Basic Income on employment and leisure, while critiquing software-driven economic growth's relationship with inequality and labor dynamics.

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