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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