Transcription of Chapter 4 Technology and Inequalities - ESCAP
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Chapter 4 Technology and Inequalities - ESCAP
inequality IN ASIA AND THE PACIFIC62 Chapter 4 Technology and Inequalities63 inequality IN ASIA AND THE HOW CAN Technology IMPACTINEQUALITY?The relationship between Technology and inequality ismultifaceted. Technology has enhanced productivity,accelerated economic growth, enabled knowledge andinformation sharing and increased access to basicservices. However, it has also been the cause ofinequalities. This Chapter examines the role oftechnology across the three facets of inequalitydiscussed in the previous chapters: inequality ofoutcome; inequality of opportunities; and inequality ofimpact, which is concerned with the impact ofenvironmental hazards on the most Chapter starts by underlining that digital connectivityis a core enabler of the emerging Fourth IndustrialRevolution a wave of highly disruptive innovations thatwill bring new big ideas and trigger additional layers oftechnological innovations that compel a rethink of alltraditional responses, as societies, communities and evenwhat it means to be human, is challenged.
inequality is complex and contested. Technology is a key driver of aggregate economic growth, through productivity improvements, but its contribution to economic growth varies greatly across countries. Technology can also be a driver of income and wealth inequality because of its skills-bias nature and because innovators can capture high rents.
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