AI-driven growth: Addressing legal and economic complexities in the digital era
description: The character of economic growth is being reshaped by artificial intelligence (AI) as it revolutionizes entire sectors and drives technological progress. This chapter studies the relationship between AI techs and economic growth in digital economies, and explores how AI improves productivity, creates sectoral shifts and new economic possibilities. But with these progress also comes major challenges, such as the threat of job loss and inequality, regulatory dilemmas and data security and privacy problems. It further points out that AI wields significant potential for economic development, but inclusive and sustainable growth requires targeted strategies to be mobilised. The chapter provides case studies, explores economic policy, and identifies direction for further research to increase our understanding of the impact of AI on international arrangements. 2025, IGI Global Scientific Publishing.
creator: Thomas, Aiswarya; Athira, V.; Kumar, Abhishek Benedict; Sanjaya, Karun
source: Exploring AI Implications on Law, Governance, and Industry;pp.1-24
publisher: IGI Global
date: 01-01-2025
rights: Restricted Access; Hardcopy may be available in the library
relation: ISBN: 979-833733385-4; 979-833733384-7;
language: English
type: Book chapter
coverage: Thomas A., Christ University, Bengaluru, India; Athira V., VELS University School of Law, Chennai, India; Kumar A.B., Symbiosis International University (Deemed), Pune, India; Sanjaya K., Symbiosis International University (Deemed), Pune, India