Will Digitalization bring jobs back to developed countries?
The technological progress of the last decades has led to developed countries relocating many work operations to low-wage countries. The increased use of digital technologies is now leading to a partial relocation of production sites back to the developed industrialized countries. However, the number and quality of the jobs is fundamentally different: While many low-skilled jobs left developed countries, only few high-skilled ones will return to the industrialized countries. The attempt to speed up the return of these jobs through punitive tariffs is not promising either.