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Digital Technological Innovation and the International Political Economy

Brass, IC; Hornsby, D; (2019) Digital Technological Innovation and the International Political Economy. In: Shaw, T and Mahrenbach, L and Modi, R and Yi-Chong, X, (eds.) The Palgrave Handbook of Contemporary International Political Economy. (pp. 615-631). Palgrave Macmillan: London, UK. Green open access

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Abstract

This chapter explores the main digital technological innovations currently associated with the Fourth Industrial Revolution - Artificial Intelligence (AI), Blockchain, and the Internet of Things (IoT) - and their effects on the international political economy. It reviews some of their main benefits and challenges to established structures of the global economy, such as international trade and production, or the monetary and financial system. The chapter highlights that the complex coupling, interdependencies and pervasiveness of these digital innovations disrupts the practice of international political economy on three dimensions: the established institutions that structure the international political economy; the distribution of authority between state and non-state actors; and the distribution of resources between and within developed and developing states.

Type: Book chapter
Title: Digital Technological Innovation and the International Political Economy
ISBN-13: 978-1-349-68719-0
Open access status: An open access version is available from UCL Discovery
DOI: 10.1057/978-1-137-45443-0_38
Publisher version: https://doi.org/10.1057/978-1-137-45443-0_38
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > STEaPP
URI: https://discovery.ucl.ac.uk/id/eprint/10045803
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