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Whoever leads in artificial intelligence in 2030 will rule the world until 2100
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Amine Moulay Ramdane
Sep 25, 2020, 4:00:47 PM9/25/20
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Hello,
"Whoever leads in artificial intelligence in 2030 will rule the world until 2100
Technological leadership will require big digital investments, rapid business process innovation, and efficient tax and transfer systems. China appears to have the edge in the first, the U.S. in the second, and Western Europe in the third.
Also the real advantage of the U.S. is that government exercises a lighter touch than in China or Europe, leading to shorter lags from invention to market and quicker adaptation by businesses so that productivity gains are realized more quickly than in competing countries.
The regulatory, infrastructural, and cultural conditions that lead to quicker business process innovation require tight industry-academic linkages, a welcoming environment for high-skilled immigrants, sound product-market regulations, and sensible hiring and firing rules. These will be not easy for either China or Europe to institute, and the U.S. will have this edge for a while.
So, who’s most likely to succeed during the next decade? My money is on the United States. Productivity growth will pick up again as businesses take advantage of new technologies, consumers will take home big price and quality gains, and policy types will stop fretting about fears of secular stagnation. If enough of the tax burden is shifted from labor to capital, the incomes of middle-income households will keep pace. Expect the United States to call the shots for the rest of the century."
Read more here:
https://www.brookings.edu/blog/future-development/2020/01/17/whoever-leads-in-artificial-intelligence-in-2030-will-rule-the-world-until-2100/
Thank you,
Amine Moulay Ramdane.
"Whoever leads in artificial intelligence in 2030 will rule the world until 2100
Technological leadership will require big digital investments, rapid business process innovation, and efficient tax and transfer systems. China appears to have the edge in the first, the U.S. in the second, and Western Europe in the third.
Also the real advantage of the U.S. is that government exercises a lighter touch than in China or Europe, leading to shorter lags from invention to market and quicker adaptation by businesses so that productivity gains are realized more quickly than in competing countries.
The regulatory, infrastructural, and cultural conditions that lead to quicker business process innovation require tight industry-academic linkages, a welcoming environment for high-skilled immigrants, sound product-market regulations, and sensible hiring and firing rules. These will be not easy for either China or Europe to institute, and the U.S. will have this edge for a while.
So, who’s most likely to succeed during the next decade? My money is on the United States. Productivity growth will pick up again as businesses take advantage of new technologies, consumers will take home big price and quality gains, and policy types will stop fretting about fears of secular stagnation. If enough of the tax burden is shifted from labor to capital, the incomes of middle-income households will keep pace. Expect the United States to call the shots for the rest of the century."
Read more here:
https://www.brookings.edu/blog/future-development/2020/01/17/whoever-leads-in-artificial-intelligence-in-2030-will-rule-the-world-until-2100/
Thank you,
Amine Moulay Ramdane.
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