Raghuram Rajan, former governor of the Reserve Bank of India (RBI), said protectionism offers “little defence” against the job destroying effects of automation and artificial intelligence, which often are the larger source of job losses.
4 min read . 17 Apr 2019
- Jobs gained in the protected sector are often lost in other sectors, says former RBI governor Raghuram Rajan
- He said that there is a need to preserve a world open to trade and investment