Economics

Technological advances, rapid demographic change and a warming climate are among the many major challenges facing us. A clearer understanding of what this means for our economies can help governments and business make better decisions on a range of issues, from encouraging innovation, tackling inequality, to responding to climate change.

Latest

Investors “flying blind” to risk of climate lawsuits

Polluting companies could be liable for trillions in damages from climate lawsuits. But few investors and regulators are taking these risks into account when evaluating companies’ climate-related financial risks, according to new Oxford research published today in Science with the involvement of Oxford Martin fellows.

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Turning COP’s promises into progress and the rise of climate regulation

COP28’s outcome is meaningful. For the first time in three decades (since the UN Framework Convention on Climate Change was founded, and the year I was born) oil and gas has been included in an agreed text. The final text includes a pile of compromises that may cause issues down the road, but this moment still represents an historic signal about ‘the beginning of the end of the fossil fuel era’.

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Alliances critical to ensure supply chain security, say Oxford Martin researchers

In 2021, disruptions to the supply chain were estimated to have cost the global economy $1.9 trillion. So, how can this be minimised?

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Jobs will be automated, but not because of the latest Generative AI

Everyone is worried about Artificial Intelligence. From writers in Hollywood to computer programmers, recent advances in technology are causing concern about what Generative AI is going to mean for the future of work, our society and the wider world. Is there nothing machines will not be able to do?

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Generative AI can potentially disrupt labour markets, say Oxford experts 10 years after ground-breaking study

Ten years ago, two experts in AI from the Oxford Martin School predicted that almost half of jobs were at risk of automation. In a new upcoming study, Professors Carl-Benedikt Frey and Michael A Osborne now say that while Generative AI has increased the scope of automation further, it will also make many jobs easier to do for people with lower skills.

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New programmes to focus on challenges of Net Zero, AI and critical metals

The Oxford Martin School has launched three new research programmes focussed on solving a diverse set of critical challenges: sourcing the critical metals needed for the energy transition, achieving global Net Zero, and managing the risks of Artificial Intelligence.

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Autocratic regimes less effective than democracies in responding to COVID-19

Their analysis shows that on average, social capital is approximately 30% higher in democratic societies.

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Long Read: Robot-Proof

Frey Carl 2015

To dismiss the threat of automation is to get the history wrong

– Carl Benedikt Frey

When it comes to debates around the future of work, there’s a distinct dichotomy. We’ve all heard tell of nightmarish scenarios where huge swathes of workers will be rendered redundant by ‘the march of the machines’. But there are also those who point to the past, to periods of hugely disruptive technological change – revolution, even – which societies have managed to survive, and dismiss the notion of a jobs apocalypse.

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