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AI & Global Governance: How AI is Changing the Global Economy

AI & Global Governance: How AI is Changing the Global Economy

Artificial Intelligence (AI) and Machine Learning (ML) are being embraced by greater numbers of individuals, businesses, and governments as rising efficiency and productivity are permitting exponential growth in certain sectors of the global economy. However, the gap in efficiency and productivity between those sectors and businesses benefitting from AI and ML versus those that have not is also growing exponentially. This risks leaving those at the bottom further and further behind with less and less chance of catching up with the leaders.

AI-driven globalization creating massive disruptions in economies worldwide

AI-driven globalization creating massive disruptions in economies worldwide

The two countries that appear to be the best positioned to leap forward in the coming decade are China and South Korea. Both are light years ahead of the competition.

 When Artificial Intelligence (AI) and Machine Learning are combined with the interconnectedness of global supply chains, they provide a range of unprecedented opportunities and potential perils for international businesses. On one hand, rising efficiency and productivity is permitting exponential growth in some sectors and businesses. On the other hand, the gap in efficiency and productivity between those sectors and businesses that have embraced AI and Machine Learning versus those that have not is also growing exponentially, leaving those at the bottom further and further behind.