{"id":597833,"date":"2019-05-06T04:16:48","date_gmt":"2019-05-06T04:16:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/emerging-economies-face-uncertainty-as-we-enter-the-age-of-automation\/"},"modified":"2019-05-06T04:16:48","modified_gmt":"2019-05-06T04:16:48","slug":"emerging-economies-face-uncertainty-as-we-enter-the-age-of-automation","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/emerging-economies-face-uncertainty-as-we-enter-the-age-of-automation\/","title":{"rendered":"Emerging economies face uncertainty as we enter the age of automation"},"content":{"rendered":"

<\/a> Robots and AI will eat jobs in emerging markets:<\/b> Emerging countries are the most vulnerable to job losses caused by the increasing role of automation, artificial intelligence, and robots in the economy, OECD research<\/a> has found. All 11 emerging markets included in the OECD\u2019s analysis are among the 17 countries which will be most affected by technology-induced job obsolescence. Slovakia is most vulnerable to automation, with almost 65% of jobs seen as being at risk of significant change. More than 60% of Lithuanian jobs are under threat of significant change, while just under 60% of jobs in Turkey and Greece face a similar future.<\/p>\n

The threat of reshoring is real:<\/b> The growth of automation will make it more cost-effective for multinationals to relocate production in the developed world, removing incentives to invest and create jobs in emerging economies. \u201cTechnological progress, once a facilitator of globalized supply chains, now challenges emerging market manufacturers\u2019 climb up the value-added ladder and productivity growth,\u201d Marvin Barth, head of FX and EM macro strategy at Barclays Investment Bank, told the FT<\/a>. \u201cIt is apparent in the data for investment, foreign direct investment and relative developed market expenditure on manufactured goods already,\u201d he added.<\/p>\n

A ray of light:<\/b> Automation will not necessarily become an attractive investment for EM businesses any time soon, the OECD says. The high cost of automotive equipment is beyond the reach of many EM entrepreneurs, while the prevalence of cheap, unskilled labor in many developing economies removes incentives for domestic companies to invest in the technology.<\/p>\n

The OECD\u2019s message to countries like Egypt:<\/b> Start preparing immediately to mitigate the negative economic and social effects of automation.<\/p>\n","protected":false},"excerpt":{"rendered":"

Robots and AI will eat jobs in emerging markets: Emerging countries are the most vulnerable to job losses caused by the increasing role of automation, artificial intelligence, and robots in the economy, OECD research has found. All 11 emerging markets included in the OECD\u2019s analysis are among the 17 countries which will be most affected […]<\/p>\n","protected":false},"author":1,"featured_media":597834,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9272],"tags":[7094,9254,115,72,639,1510],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-macro-picture","tag-ai","tag-automation","tag-emerging-markets","tag-enterpriseam","tag-technology","tag-the-macro-picture","wpautop","entry"],"acf":{"mongo_id":"98d9821c-77fb-43b1-b2c4-9eb9a6f91f95","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/5\/2118.jpg","photo_position":"above","related_issue":[597812],"teaser":"","voice_url":""},"yoast_head":"\nEmerging economies face uncertainty as we enter the age of automation - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/emerging-economies-face-uncertainty-as-we-enter-the-age-of-automation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emerging economies face uncertainty as we enter the age of automation\" \/>\n<meta property=\"og:description\" content=\"Robots and AI will eat jobs in emerging markets: Emerging countries are the most vulnerable to job losses caused by the increasing role of automation, artificial intelligence, and robots in the economy, OECD research has found. 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The broadcaster\u2019s YouTube channel is down at the moment, so you can only check out half of the discussion here on El Face (watch, runtime: 10:29).Here are\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590050,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/12\/scientists-are-making-mice-transparent-for-more-efficient-cancer-research-which-jobs-is-ai-actually-putting-under-threat\/","url_meta":{"origin":597833,"position":3},"title":"Scientists are making mice transparent for more efficient cancer research + Which jobs is AI actually putting under threat?","author":"enterpriseam admin","date":"12 July 2023","format":false,"excerpt":"By using transparent mice, smaller tumors become more detectable","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/70.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":639043,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/19\/robots-are-quickly-taking-over-factory-work-and-may-be-on-their-way-to-pushing-financial-traders-out-of-their-jobs\/","url_meta":{"origin":597833,"position":4},"title":"Robots are quickly taking over factory work, and may be on their way to pushing financial traders out of their jobs","author":"enterpriseam admin","date":"19 October 2017","format":false,"excerpt":"Are traders going to be pushed out of their jobs by artificial intelligence? Banks and investment funds are beginning to use machine-learning software \u2014 which allows computers and other forms of artificial intelligence to learn based on patterns and algorithms rather than programming \u2014 to begin taking over some of\u2026","rel":"","context":"In "Worth reading"","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/10\/2074.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553609,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/09\/last-nights-talk-shows-upskilling-egypts-job-market-the-latest-on-the-sfes-projects\/","url_meta":{"origin":597833,"position":5},"title":"Last Night\u2019s Talk Shows: Upskilling Egypt\u2019s job market + the latest on the SFE\u2019s projects","author":"enterpriseam admin","date":"9 December 2021","format":false,"excerpt":"SMART POLICY- Leading coverage on last night\u2019s talk shows: The government wants to upskill the labor market to stop robots stealing our jobs. Egypt wants to tackle the issue of jobs at risk due to automation, Planning Minister Hala El Said said on the opening day of the Global Forum\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/597833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=597833"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/597833\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/597812"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/597834"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=597833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=597833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=597833"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=597833"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=597833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}