Question

How will the advent of AI and robotics affect the path of economic growth

for emerging markets?

Answer 1

Let me answer the question in the following way.

AI can be defined as the simulation or mirroring of human intelligence with the help of machines especially with the help of computers.

Robotics, however can be defined as a section of AI, where construction and operation is done by robots.

Does it affect the path of economic growth for emerging markets?

Yes, it is of course sure that AI and robotics is going to impact the economic growth of emerging markets. A country that have a major income from export manufacturing goods will be affected badly in the coming years. Say China, which is considered to be the global manufacturer of almost everything. But, in the coming years, it is sure that AI and robotics will take over China and it will lose a large export share as every country will produce products of high quality and less cost with the help of AI and Robotics. It will also lead to loss of manufacturing jobs which will be acquired by robots in the coming future.