S2E7
Global Competition Policy and Japan’s Society 5.0
Episode Guests
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Yuko Harayama
Former Executive Member of Japan’s Council for Science, Technology and Innovation Policy
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Philippe Aghion
Economist and Professor at College de France, The London School of Economics, and Harvard University
Show Notes
This week on the AI Element we zoom out to look at how AI is impacting, and is being impacted by, global economic policies. Policy is hugely important for AI’s development and implementation. Though each application of AI differs from business to business and country to country, there are often similar patterns and concerns that arise, like the fear of automation replacing jobs and of increasing inequalities. Policy makers across the globe are trying to tackle these concerns to ensure they are creating a positive outcome for all.
This week we have two guests who are going to teach us about how AI is impacting growth and a radical new approach in Japan to guiding science and innovation. Our first guest Philippe Aghion is a world-renowned economist who tells us about the impact of AI on economic growth and why that growth may not be shared equally. His interview is a lesson about why innovation today without competition will lead to less innovation in the future.
Our second guest Yuko Harayama co-wrote Japan’s 5 year plan for technology and innovation and was a leader in developing Japan’s national AI strategy. She tells us about Japan’s radical new approach to technology policy and how, rather than giving a strict roadmap for technology development, they created a vision of a society technology developers should abide by. She calls it Society 5.0.
00:37 - Intro
02:51 - AI’s Impact on Economic Growth
05:36 - Aghion, Jones & Jones - Artificial Intelligence and Economic Growth
06:27 - Aghion, Bergeaud, Boppart, Klenow, Li - Theory of Falling Growth and Rising Rents
06:56 - AI, Superstar Firms and Competition
13:03 - G7 ministers ‘agree in principle’ on deal taxing digital taxing digital giants
13:56 - W.T.O Allows China to Impose Trade Sanctions on U.S. Goods
14:36 - Acemoglu & Restrepo - Robots and Jobs: Evidence from US Labor Markets
14:36 - The Fall of the Labor Share and the Rise of Superstar Firms
16:39 - AI and Innovation
17:42 - Baumol’s cost disease
18:55 - Gaby Aghion, fashion designer: Co-founder of Chloe House, which revitalized French fashion in the 1950s
19:54 - Society 5.0
19:54 - Artificial Intelligence Technology Strategy
19:54 -Government of Japan - The 5th Science and Technology Basic Plan
20:45 - Society 5.0 Powerpoint
29:29 - Society 5.0 and Global Policy
29:45 - OECD - Artificial Intelligence
31:53 - United Nations Activities on Artificial Intelligence (AI)
33:31 - Optimism and Persistence
33:46 - Encyclopedia Britannica - Pangloss
Additional Links
TED Talk - Yuko Harayama - Why Society 5.0