The global economic outlook in the future is going to be uncertain with wide disruption in all walks of life. The accelerating progress of AI comes at a pivotal moment in the global economy. AI and automation may offer a broad-based surge in productivity – resulting in all-round development and a more positive outlook. 

But to harness the true power of an AI-powered economy, a robust policy framework that fosters collaboration, and enhances human potential and responsible management of data is required.

About the Speaker

Michael Spence is an American economist. He was awarded the Nobel Prize in Economic Sciences in 2001 for his contributions to the analysis of markets with information asymmetry. Spence’s research has focused on topics such as signaling theory, human capital, and globalisation. He has held prominent academic positions, including professorships at Harvard and Stanford, and has advised governments and organisations on economic policy.