Posted 1/8/2024, 10:07:00 PM
Technological Innovations Could Spark New Era of Growth, But Global Tensions May Dampen Potential
- New technologies like AI and efforts to decarbonize economies have potential to drive growth for decades, creating a new "economic super cycle"
- These groundbreaking innovations could have impact rivaling the steam engine or electrification
- 83 million jobs may disappear in next 5 years due to AI, but new jobs will also be created
- Cost of decarbonization estimated at $110 trillion over next 30 years
- Unlike previous eras, global tensions and resistance to globalization could dampen potential economic benefits