Local employment effects of fast internet connections show that ICT might be one of the most effective employment-creating policies in Africa

The generation and diffusion of scientific knowledge and technology are assumed to be drivers of modern economic growth, but there is a lack of firm empirical evidence of this. This column uses the first detailed data on the density of engineers in the western hemisphere to argue that historical differences in innovative capacity, as captured by the density of engineers in 1880, explain a significant fraction of the Great Divergence. The results confirm the imperative of developing higher-order human capital.

History suggests there will be no major labour market decline if the rate of automation of jobs and the creation of new tasks for workers are balanced