What do you think about involving artificial intelligence in the shaping and control of the implementation of the current and prospective socio-economic policy of the country and/or a local government unit, with a view to increasing the level of reliability, the implementation of economic and social objectives, the consideration of certain principles, including public service ethics, the reduction of the scale of corruption and embezzlement of public funds, etc.?

The quality of the formation and control of the implementation of the current and forward-looking socio-economic policy of the state and/or a local government unit is determined not only by strictly factual considerations concerning the specific conditions and determinants of the country's economic development, the phase of the business cycle in which the economy is, the level of economic growth and prosperity in individual accounting periods in relation to the planned economic policy and the draft state budget, the prosperity of the global economy and international economic relations, etc., but also by the level of reliability, implementation of the objectives of the state and/or a local government unit. but also the level of reliability, achievement of objectives, consideration of certain principles, including public service ethics, reduction of the scale of corruption and embezzlement of public funds, etc. Bearing in mind the aforementioned issues, which significantly affect the quality of implementation of a socio-economic policy programme planned for a specific period of time, it is possible to engage artificial intelligence to shape and control the implementation of current and prospective socio-economic policy of the state and/or local government unit. Of course, it would be up to humans to accept the final shape of the socio-economic policy programme proposal designed by artificial intelligence and to control its implementation. But in a situation of an appropriate increase in transparency and fuller implementation of public functions, the involvement in the role of a multi-criteria, intelligent system designing specific socio-economic policy programmes and their implementation and control of their implementation could significantly increase the effectiveness of the overall economic policy of the state, including issues of reliability, public transparency, improving the process of building a welfare economy. In the process of shaping specific socio-economic policy programmes, in addition to artificial intelligence, business analytics implemented on computerised analytical platforms Business Intelligence and Big Data Analytics may be involved, as well as, as required, other information technologies of the current fourth technological revolution, Industry 4.0 technology. The aforementioned new technologies can also be particularly helpful in developing forecasting models for estimating current and prospective levels of systemic financial risks, economic risks, the indebtedness of the state's public finance system, systemic credit risks of commercially operating financial institutions and economic entities and forecasting future financial and economic crises. Data on the aforementioned systemic risks and forecasting of trends in the economic situation can be helpful for planning the shape and implementation instruments of socio-economic policy for the following quarters and years. Besides, artificial intelligence technologies and other Industry 4.0 technologies may also help in the precise determination of the appropriate budgetary, fiscal and monetary policy instruments for designing interventionist, anti-crisis, pro-development, Keynesian socio-economic policy programmes, i.e. programmes precisely tailored to certain diagnosed determinants shaping the current and prospective economic situation.

In view of the above, I address the following question to the esteemed community of scientists and researchers:

What do you think about involving artificial intelligence, with a view to increasing the level of reliability, the implementation of economic and social objectives, the consideration of certain principles, including public service ethics, the reduction of the scale of corruption and embezzlement of public funds, etc., in the shaping and control of the implementation of the current and prospective socio-economic policy of the state and/or the local government unit?

What do you think about this topic?

What is your opinion on this subject?

Please respond,

I invite you all to discuss,

Thank you very much,

Best wishes,

Dariusz Prokopowicz