Artificial intelligence increases trade by 5 % by year 2

According to a new World Trade Organization (WTO) report, artificial intelligence has the potential to increase the value of world trade by 5 % by year 2. But the report also gives a serious warning; If there are no proper policies, this technology can exacerbate economic inequality around the world.

The World Trade Report explains that artificial intelligence in two ways Reduce costs And Increase productivity It can help to grow business. This technology can optimize complex logistics processes, make it easier to adapt to customs regulations, and eliminate linguistic barriers through immediate and accurate translations. These benefits are especially useful for small and medium -sized businesses in developing countries and allow them to enter the global markets more easily. With this potential, it is expected to grow up to 5 % by year 2 and global GDP (GDP).

WTO report on artificial intelligence

Despite this clear vision, WTO warns that the benefits of artificial intelligence will not be automatically divided. The biggest danger is to deepen the digital and economic gap between countries as well as within societies. Countries and companies that have access to this technology will progress rapidly, while others may be lagging behind.

“We cannot repeat the mistake we have made in the past decades with low investment in education, skills and social security networks,” says WTO.

The report also shows that labor markets will face a major change; Some jobs disappear and new jobs are created that require different skills. Without investing in workforce training and retraining, many employees around the world will be at risk of unemployment.

The WTO report emphasizes that the key to the use of artificial intelligence is to adopt active and inclusive policies. The organization proposes several solutions. First, investing in digital infrastructure to reduce the gap between developed and developing countries. Second, extensive investment in education, skills development and labor retraining to prepare them for future jobs. And third, maintaining an open business environment by reducing tariffs on artificial intelligence -related goods, such as semiconductors, to make it easier and cheaper for all countries.