AI: What could it mean for Emerging markets?
Update: 2023-11-10
Description
With: Niccolo Carrara, Economist, Emerging Markets | BNP Paribas London Branch
This podcast was recorded 9 November 2023
- Artificial intelligence provides some threats to emerging markets, we think.
- To avoid sharp distortion across countries, regulation requires harmonisation at the global level, which could be hard to find amid US-China geopolitical tensions.
- An unequitable distribution of benefits from AI, potentially aggravating income inequality, is likely to be a major hurdle.
- Notwithstanding these threats, AI also offers scope for meaningful productivity gains in some sectors, particularly those that are able to adapt quickly.
- We argue it is time for some EM to broaden their focus beyond manufacturing-based export-led growth
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