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Description
This book examines the impact of artificial intelligence (AI) on globalization, in relation to economics, society, and policy. It explores the broad and diverse ways that AI is changing the global ecosystem, including firm behaviour changes, labour market disruption, reduced production costs, and climate change concerns, to highlight both the positive and negative impacts of AI. By anticipating the potential impacts of AI, a framework is presented to combat the negative aspects and maximise the benefits.
This book offers a balanced and considered perspective on AI and the role it will play in the global economy. It will be of interest to students, researchers, and policymakers working in international economics, the political economy, and economic policy, as well as general readers interested in AI.
1. Introduction.- 2. The effects of AI on globalization.- 3. AI and income distribution.- 4. AI and foreign trade.- 5. How to maximise the net effects of AI in a globalised world.- 6. Need of a set of policies to safely leverage the vast potential of AI for the benefit of humanity.- 7. Conclusions.
Nicola Acocella is Emeritus Professor of Economics at Sapienza University of Rome.
