The Impact of Artificial Intelligence (AI) and Automation on the Global Economy

Professor Introduction

X. S | Ph.D. in Economics

Home Institute：Yale University

[ Research Interests ] Development economics, industrial organization, international trade, environmental economics
[ Publications ] Research published in top-tier development economics journals, including the Journal of Development Economics

Project Description

This project explores the profound impacts of Artificial Intelligence (AI) and automation on the global economy, focusing on major economies such as the United States, China, India, and the European Union. The project aims to provide a comprehensive understanding of the current state of AI development and application across different countries and to analyze its effects on economic growth, income distribution, inequality, international trade, and industrial transformation. Utilizing data analysis and econometric methods, students will gain insights into the multifaceted influence of AI and automation on the world economy.

Project Keywords

Project Outline

Part 1 : Introduction to AI and Automation
• Overview of AI and automation technologies
• Historical development and current trends
• Key players and innovators in AI and automation

Part 2 :  AI and Automation in Major Economies
• Analysis of AI utilization in the United States, China, India, and the European Union
• Comparative study of AI adoption and integration in various sectors
• Government policies and initiatives supporting AI development

Part 3 :  Economic Impacts of AI and Automation
• Effects on economic growth and productivity
• Impact on income distribution and inequality
• Changes in labor markets and employment patterns

Part 4 : AI, Automation, and International Trade
• Influence on global trade dynamics
• Shifts in comparative advantage and trade policies
• Case studies of AI-driven trade transformations

Part 5 : Industrial Transformation and Future Outlook
• Sectoral analysis of AI and automation-induced changes
• Long-term economic forecasts and potential disruptions
• Policy recommendations for managing economic transitions

Suitable for

• High School Students interested in the economic impacts of AI and automation
• Graduate students and advanced undergraduates in economics, finance, and applied mathematics.