THE ROLE OF ARTIFICIAL INTELLIGENCE IN ECONOMIC DEVELOPMENT: EVIDENCE FROM DEVELOPING COUNTRIES
DOI:
https://doi.org/10.5281/zenodo.20448997Keywords:
Artificial Intelligence, Economic Development, Developing Countries, Digital Transformation, Productivity, Innovation, Policy Frameworks, Job Markets.Abstract
Artificial Intelligence (AI) has emerged as a transformative force influencing economic development across the
globe, particularly in developing countries. This study investigates the multifaceted impact of AI on economic development
by examining its implications for productivity, innovation, employment, and digital transformation in emerging economies.
The research employs a qualitative research design based on a systematic literature review and critical synthesis
approach to analyze recent academic studies, policy reports, and real-world case studies. The findings reveal that AI
adoption offers significant opportunities for economic growth through enhanced efficiency, technological innovation, and
the creation of new industries. However, it also presents substantial challenges, including digital divides, skill gaps,
infrastructure limitations, and potential job displacement. The study argues that effective policy frameworks, robust digital
infrastructure, and targeted human capital development are essential for developing countries to maximize the benefits
of AI while minimizing its socio-economic risks.
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