CAN AI FOSTER SUSTAINABLE GROWTH AMIDST ECONOMIC TURBULENCE? (original) (raw)

How AI Is Revolutionizing Economic Growth - Key Trends To Watch

Growth in artificial intelligence is not merely a technological revelry; it is a transformative force reshaping our economic landscape. As we stand on the brink of unprecedented advancements, understanding the monumental trends shaped by AI will empower industries and individuals alike. This exploration into the intersection of AI and economic development unveils the intricate patterns of productivity enhancement, employment evolution, and market innovation, heralding an era where intelligence-both artificial and organic-catalyzes our financial realities.

IS THE INTEGRATION OF AI THE KEY TO UNLOCKING ECONOMIC PROSPERITY?

As we navigate the complexities of modern economics, a profound question emerges: can artificial intelligence be the catalyst for unprecedented prosperity? The symbiosis of human ingenuity and AI's computational prowess may hold the answer. By harnessing AI's potential, we may unlock novel solutions to longstanding economic challenges, fostering growth and innovation. This convergence of human and artificial intelligence has the potential to redefine the fabric of our economy, yielding a future of unbridled prosperity and progress

Artificial intelligence and sustainable development

The International Journal of Management Education, 2020

Artificial intelligence (AI) is rapidly opening up a new frontier in the fields of business, corporate practices, and governmental policy. The intelligence of machines and robotics with deep learning capabilities have created profound disrupting and enabling impacts on business, governments, and society. They are also influencing the larger trends in global sustainability. As the AI revolution transforms our world, it could herald a utopian future where humanity co-exists harmoniously with machines, or portend a dystopian world filled with conflict, poverty and suffering. More immediately, would AI accelerate our progress on the United Nations (UN) Sustainable Development Goals (SDGs) or bring us further down the path toward greater economic uncertainty, environmental collapse, and social upheaval? What are some of the implications for business leadership and the education of future business leaders? This article aims to address these questions by analyzing the impacts of AI in three case studies. It draws some preliminary inferences for management education and the business of leading corporations in the midst of rapid technological and social change. This study combines the perspectives of business strategy and public policy to analyze the impacts of AI on sustainable development with a specific focus on the advancement of the SDGs. It also draws some lessons on managerial learning and leadership development for global sustainability.

Decoding Economic Cycles - The Influence Of AI On Job Creation And Sustainability

Over time, economic cycles have shaped the labor market, presenting both challenges and opportunities. Artificial intelligence (AI) emerges as a transformative force, promising to redefine job creation while simultaneously addressing sustainability concerns. This exploration investigates into the intricate interplay between technological advancement and economic dynamics, providing insights into how AI can not only stimulate employment but also foster ecological balance. By understanding these interactions, we can better navigate the complex landscape of contemporary economies in pursuit of a more sustainable future.

UNDERSTANDING AI'S LONG-TERM IMPACT ON ECONOMIC STABILITY AND GROWTH

You may wonder how artificial intelligence is reshaping the landscape of our global economy. As we examine into the intricate relationship between AI technologies and economic systems, it becomes clear that their influence extends far beyond mere efficiency gains. This exploration will illuminate the potential benefits and challenges posed by AI, offering a comprehensive perspective on its long-term effects on stability and growth. Through this understanding, we can better anticipate the evolving dynamics of our economies in the face of rapid technological advancement.

UNDERSTANDING THE INTERPLAY BETWEEN AI INNOVATIONS AND ECONOMIC GROWTH

2024

Many scholars and thinkers have begun to unravel the profound relationship between artificial intelligence innovations and economic growth. As AI technologies permeate various industries, they not only enhance productivity but also transform traditional economic paradigms. This dynamic interplay leads to new forms of employment, challenges outdated business models, and sparks unprecedented creative endeavors. By exploring this fascinating nexus, we can better understand how AI shapes our economies, influencing the very fabric of society and paving the way for a future rich in possibilities.

Economic Policy and AI Implementation: Navigating the Opportunities and Challenges for Sustainable Growth

IEEE Xplore, 2024

The integration of artificial intelligence (AI) into economic policy has emerged as a pivotal force in contemporary governance, shaping the landscape of sustainable growth. This paper delves into the intricate dynamics of Economic Policy and AI Implementation, exploring both the opportunities and challenges inherent in this convergence. Through a meticulous literature survey, we identify gaps in existing research, paving the way for a novel approach. Our proposed work involves a comprehensive methodology that combines quantitative and qualitative analyses, leveraging economic indicators, policy frameworks, and AI implementation strategies. The research unfolds with a pioneering implementation model, designed to assess the impact of AI on economic policies in a nuanced manner. Preliminary results reveal a positive correlation between AI integration and sustainable growth, highlighting specific policy domains where AI implementation has proven particularly effective. The paper concludes by emphasizing the significance of these findings for policymakers and researchers, providing valuable insights into the potential benefits and pitfalls of incorporating AI into economic policies. This study contributes to a deeper understanding of the evolving relationship between economic policy and AI, guiding future endeavors for fostering sustainable economic development in the era of artificial intelligence.

ARTIFICIAL INTELLIGENCE (AI) AND ECONOMIC GROWTH WITH REFERENCE TO DECISION-MAKING, SOCIAL GOVERNANCE, ACCELERATE INDUSTRY 4.0, AND FOSTER INNOVATION -A THEORETICAL ASSESSMENT

Science, Technology and Development, 2023

AI is changing a number of sectors, including the financial, economic, and service sectors. Sustainability is the most important source of the expanding field of AI on Economic Development (AI&ED). Artificial Intelligence (AI) boosts productivity, expedites service economies, and opens up global commerce prospects. On the other hand, over-reliance on AI

CAN AI MITIGATE ECONOMIC VOLATILITY AND ENHANCE LONG-TERM GROWTH?

As we navigate the complexities of modern economics, a profound question arises: can artificial intelligence be the stabilizing force we need? The intersection of AI and economics presents a fascinating conundrum, where intelligent systems may potentially temper volatility and bolster growth. By analyzing vast datasets and identifying patterns, AI can optimize economic models, fostering a more stable and prosperous future, much like the harmony found in the natural world, where intricate systems interact in a beautiful dance of cause and effect.

The transformative economic impact of Artificial Intelligence

Background: The swift assimilation of Artificial Intelligence (AI) across multiple industries is altering the worldwide economic terrain. Unprecedented opportunities and difficulties are brought about by this revolutionary technology, which has an impact on innovation, trade, labor markets, and security. Objective: The goal of this study is to thoroughly investigate the economic effects of AI by exploring how it may affect labor markets, innovation, trade internationally, and security. The goal is to offer insights that support strategic decision-making and policy formation by examining current trends, opportunities, and difficulties. Results: The research highlights the dual character of artificial intelligence's influence, highlighting both its potential to spur economic expansion and its drawbacks, including the loss of jobs, a lack of standards, and security issues. The study highlights how crucial cooperation is to overcoming these obstacles and realizing AI's full potential. Conclusion: The balancing opportunities and risks becomes critical as AI continues to change the economic landscape. The report promotes proactive steps including ethical AI design guidelines, ongoing worker retraining, and flexible regulatory strategies. As we shape an AI future that puts inclusion, creativity, and responsible governance first, collaboration emerges as a key theme.