2024-01-15 03:43:46
The development of artificial intelligence (AI) can have a positive impact on global economic growth, but there is a risk of job losses and increased inequality in the world. This is stated in the article by the Director of the International Monetary Fund (IMF), Kristalina Georgieva, dedicated to the global impact of AI.
“We are on the cusp of a technological revolution that has the potential to boost productivity, accelerate global economic growth and raise incomes around the world. But it can also lead to job losses and increased inequality. We need a thoughtful balance of policies to harness the potential of AI,” said Ms. Georgieva.
The IMF estimates that among developed economies, the share of jobs affected by artificial intelligence is 60%. For developing economies the figure is 40%, and for low-income countries it is 26%.
The head of the fund warned that the development of AI could lead to significant inequality in income and wealth around the world. The impact on labor income will largely depend on the extent to which AI helps high-wage workers. “If AI significantly improves the workload of higher-income workers, it could lead to a disproportionate increase in their labor income. Increased labor productivity in companies implementing AI will likely lead to higher returns on capital, which may also benefit high-income workers,” said Kristalina Georgieva.
Among the threats to the development of artificial intelligence, the head of the IMF also indicated a possible increase in social tension. In this regard, Ms. Georgieva emphasized the need to create special programs in countries for workers exposed to the negative impact of this technology.
In 2023, the first attempt was made to legislatively regulate artificial intelligence. Corresponding laws have been adopted in the USA, EU and China. From an analysis conducted by the Institute for Statistical Research and Economics of Knowledge (ISSEK) of the National Research University Higher School of Economics, it follows that Europe focuses on grading the risks of AI systems, the United States on standards and data security, and China on strict statist rules regarding AI-generated content.
For more details, see the Kommersant article “The legal field has been outlined for the intellect.”
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