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2004, No. 11
Posted 2004-05-02

Technology, Globalization, and Economic Policy

Recent technological improvements have eliminated many jobs, which has aroused much concern. In the long run, attempts by the government to counteract the changes caused by these improvements are likely to make the nation poorer than it need be. On the other hand, policies that assist workers with the process of change will allow the nation to mitigate the costs of change while still capturing its benefits.