Nations like U.S., Germany, France, China are investing millions of dollars in Artificial Intelligence research and development. I wonder the impact on developing countries that are not investing in A.I. What is the impact it can have on the macroeconomic level? How is A.I. going to impact the economy on developing countries? Can you please point out a good reference on the topic?
https://www.pwc.co.uk/economic-services/assets/macroeconomic-impact-of-ai-technical-report-feb-18.pdf
https://scholar.harvard.edu/files/aghion/files/artificial_intelligence.pdf
https://www.nber.org/chapters/c14099.pdf
https://www.mckinsey.com/~/media/McKinsey/Featured%20Insights/Artificial%20Intelligence/Notes%20from%20the%20frontier%20Modeling%20the%20impact%20of%20AI%20on%20the%20world%20economy/MGI-Notes-from-the-AI-frontier-Modeling-the-impact-of-AI-on-the-world-economy-September-2018.ashx
Best Regards Diego Collarana
Dear Diego,
The works of the Nobel Laureate, Thomas J. Sargent, is in the direction you mentioned. He wrote in his book "Bounded Rationality in Macroeconomics," Cleendon Press, Oxford, 1993, pp. 3, that he worked on "expelling rational agents from our model environment and replacing them with 'artificilly intelligent' agents who behave like econometricians." A lot of his works are on the web.
Good luck in your research.
Very simple: Those Underdeveloped Countries will loose competitivity on the markets where they export and obtain the foreign exchange they need to survive.
May I suggest this podcast interview with Yuval Harari and Tristan Harris:
http://video.wired.com/watch/yuval-harari-tristan-harris-humans-get-hacked
Excels!
Hi, may I suggest this interresting work of Mr Daron Acemoglu and Mr Pascual Restrepo. Hope it will help in your work.
Artificial Intelligence, Automation and Work. Daron Acemoglu, Pascual Restrepo. NBER Working Paper No. 24196.
Best.
Consider the following links;
1. https://www.academia.edu/29049863/Implications_of_artificial_intelligence_for_a_developing_country_India
2. https://www.academia.edu/38937308/Artificial_Intelligence_and_its_Potential_Adverse_Impacts_on_the_Philippine_Economy
3. https://www.academia.edu/38734942/Artificial_Intelligence_and_Economic_Growth
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