Probability of Automation by Occupation Group, United States, 2018-2030

Source: Adapted from Federal Reserve Bank of St. Louis. Technological innovations have historically been a positive factor in economic development as they create new economic opportunities and improvements in productivity. While many sources of employment were rendered obsolete by new technologies, employment opportunities were created in other economic sectors (such

Ancient Trade Issues

Long-distance trade is an enduring characteristic in the history of civilizations. Even if limited, it played an important role in the diffusion of ideas, religions, and cultures. However, up to the 16th century, the extent of trade was limited for two major reasons: There were exceptions to these general conditions