Economic Policy and AI Implementation: Navigating the Opportunities and Challenges for Sustainable Growth

The integration of artificial intelligence (AI) into economic policy has emerged as a pivotal force in contemporary governance, shaping the landscape of sustainable growth. This paper delves into the intricate dynamics of Economic Policy and AI Implementation, exploring both the opportunities and ch...

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Bibliographic Details
Published in2024 International Conference on Knowledge Engineering and Communication Systems (ICKECS) Vol. 1; pp. 1 - 6
Main Authors Gupta, Gajendra Kumar, Mishra, Vivek Kumar, Misra, Nikhil Kumar, Ansari, Mohd. Salahuddin, Imtiaz, Mohammad, Tyagi, Mithilesh Kumar
Format Conference Proceeding
LanguageEnglish
Published IEEE 18.04.2024
Subjects
Artificial Intelligence
Economic Policy
Economics
Force
Implementation Model
Knowledge engineering
Navigation
Performance evaluation
Policy Impact
Shape
Surveys
Sustainable Growth
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Summary:The integration of artificial intelligence (AI) into economic policy has emerged as a pivotal force in contemporary governance, shaping the landscape of sustainable growth. This paper delves into the intricate dynamics of Economic Policy and AI Implementation, exploring both the opportunities and challenges inherent in this convergence. Through a meticulous literature survey, we identify gaps in existing research, paving the way for a novel approach. Our proposed work involves a comprehensive methodology that combines quantitative and qualitative analyses, leveraging economic indicators, policy frameworks, and AI implementation strategies. The research unfolds with a pioneering implementation model, designed to assess the impact of AI on economic policies in a nuanced manner. Preliminary results reveal a positive correlation between AI integration and sustainable growth, highlighting specific policy domains where AI implementation has proven particularly effective. The paper concludes by emphasizing the significance of these findings for policymakers and researchers, providing valuable insights into the potential benefits and pitfalls of incorporating AI into economic policies. This study contributes to a deeper understanding of the evolving relationship between economic policy and AI, guiding future endeavors for fostering sustainable economic development in the era of artificial intelligence.
DOI:10.1109/ICKECS61492.2024.10616921