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Turbulence on the global economy influenced by artificial intelligence and foreign policy inefficiencies
[journal article]
Abstract It is said that Data and Information are the new oil. One, who handles the data, handles the emerging future of the global economy. Complex algorithms and intelligence-based filter programs are utilized to manage, store, handle, and maneuver vast amounts of data for the fulfillment of specific purpo... view more
It is said that Data and Information are the new oil. One, who handles the data, handles the emerging future of the global economy. Complex algorithms and intelligence-based filter programs are utilized to manage, store, handle, and maneuver vast amounts of data for the fulfillment of specific purposes. This paper seeks to find the bridge between artificial intelligence and its impact on international policy implementation in the light of geopolitical influence, the global economy, and the future of labor markets. We hypothesize that the distortion in the labor markets caused by artificial intelligence can be mitigated by a collaborative international foreign policy on the deployment of AI in the industrial circles. We, in this paper, then proceed to propose a disposition forth essentials of AI-based foreign policy and implementation, while asking questions such as: could AI become the real ‘invisible hand’ discussed by economists?... view less
Keywords
world economy; economic development (on national level); artificial intelligence; algorithm; impact; labor market; regulation; foreign policy
Classification
Technology Assessment
International Relations, International Politics, Foreign Affairs, Development Policy
Document language
English
Publication Year
2020
Page/Pages
p. 113-122
Journal
Journal of Liberty and International Affairs, 6 (2020) 2
DOI
https://doi.org/10.47305/JLIA2020113ob
ISSN
1857-9760
Status
Published Version; peer reviewed