{"id":626790,"date":"2018-07-11T04:12:56","date_gmt":"2018-07-11T04:12:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/artificial-intelligence-could-be-really-bad-for-emerging-markets\/"},"modified":"2018-07-11T04:12:56","modified_gmt":"2018-07-11T04:12:56","slug":"artificial-intelligence-could-be-really-bad-for-emerging-markets","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/artificial-intelligence-could-be-really-bad-for-emerging-markets\/","title":{"rendered":"Artificial intelligence could be really bad for emerging markets"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>Artificial intelligence could be really bad for emerging markets: <\/strong>The way developed economies adapt to the rise of automatiion won\u2019t work for emerging markets, according to a study from the <a href=\"https:\/\/www.cgdev.org\/publication\/rise-robot-reserve-army-automation-and-future-economic-development-work-and-wages\">Center for Global Development<\/a>. The crux of the issue is that artificial intelligence (robots) are mostly being used to take over jobs in unskilled sectors such as agriculture and industry, but these sectors house big pools of labor in developing countries, Jamie Condliffe <a href=\"https:\/\/www.nytimes.com\/2018\/07\/09\/business\/dealbook\/automation-developing-world.html?rref=collection%2Fsectioncollection%2Fbusiness&action=click&contentCollection=business&region=stream&module=stream_unit&version=latest&contentPlacement=2&pgtype=sectionfront\">writes for the New York Times<\/a>. Some governments are looking to \u201cde-incentivize\u201d automation by reducing minimum wages for human labor, but wages are already low in many countries. \u201cAnother [solution] might be for developing countries to build out labor-intensive sectors that look set to be resistant to automation over the coming decades \u2014 such as social care, education, health care, tourism or infrastructure construction. But this is a risky approach, requiring large upfront investment without [an assurance] of protection from automation in the long-term.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Artificial intelligence could be really bad for emerging markets: The way developed economies adapt to the rise of automatiion won\u2019t work for emerging markets, according to a study from the Center for Global Development. The crux of the issue is that artificial intelligence (robots) are mostly being used to take over jobs in unskilled sectors [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":626791,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9003],"tags":[72,2397],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-reading","tag-enterpriseam","tag-worth-reading","wpautop","entry"],"acf":{"mongo_id":"25f98265-f684-4c79-adc9-80650bdecb0c","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/7\/2215.jpg","photo_position":"above","related_issue":[626766],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Artificial intelligence could be really bad for emerging markets - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/artificial-intelligence-could-be-really-bad-for-emerging-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Artificial intelligence could be really bad for emerging markets\" \/>\n<meta property=\"og:description\" content=\"Artificial intelligence could be really bad for emerging markets: The way developed economies adapt to the rise of automatiion won\u2019t work for emerging markets, according to a study from the Center for Global Development. The crux of the issue is that artificial intelligence (robots) are mostly being used to take over jobs in unskilled sectors [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/artificial-intelligence-could-be-really-bad-for-emerging-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-11T04:12:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/2215.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/artificial-intelligence-could-be-really-bad-for-emerging-markets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/artificial-intelligence-could-be-really-bad-for-emerging-markets\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Artificial intelligence could be really bad for emerging markets\",\"datePublished\":\"2018-07-11T04:12:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/artificial-intelligence-could-be-really-bad-for-emerging-markets\/\"},\"wordCount\":166,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/artificial-intelligence-could-be-really-bad-for-emerging-markets\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/2215.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"worth reading\"],\"articleSection\":[\"Worth reading\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/artificial-intelligence-could-be-really-bad-for-emerging-markets\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/artificial-intelligence-could-be-really-bad-for-emerging-markets\/\",\"name\":\"Artificial intelligence could be really bad for emerging markets - 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Banks and investment funds are beginning to use machine-learning software \u2014 which allows computers and other forms of artificial intelligence to learn based on patterns and algorithms rather than programming \u2014 to begin taking over some of\u2026","rel":"","context":"In &quot;Worth reading&quot;","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/10\/2074.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601308,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/the-window-for-emerging-markets-to-industrialize-is-closing-and-quickly-at-that\/","url_meta":{"origin":626790,"position":1},"title":"The window for emerging markets to industrialize is closing \u2014 and quickly, at that","author":"enterpriseam admin","date":"25 February 2019","format":false,"excerpt":"The window for emerging markets to industrialize is closing \u2014 and quickly, at that: Structural shifts in global trade patterns will make it increasingly difficult for emerging markets to industrialize, writes Steve Johnson in the FT. Research from the McKinsey Global Institute suggests that new trends in production (more automation,\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/2\/2892.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603368,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/can-artificial-intelligence-really-write-as-eloquently-as-humans\/","url_meta":{"origin":626790,"position":2},"title":"Can artificial intelligence really write as eloquently as humans?","author":"enterpriseam admin","date":"21 April 2019","format":false,"excerpt":"Can AI really write as eloquently as humans? (Read: Is everyone here at Enterprise that replaceable?) Engineers have managed to program artificial intelligence to produce written works that are difficult to discern from human-produced pieces, Marcus du Sautoy writes for the Financial Times. One woman from the University of Oxford\u2019s\u2026","rel":"","context":"In &quot;Worth reading&quot;","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/4\/1755.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601492,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/default-rates-low-as-emerging-markets-weather-crises\/","url_meta":{"origin":626790,"position":3},"title":"Default rates low as emerging markets weather crises","author":"enterpriseam admin","date":"3 March 2019","format":false,"excerpt":"Default rates low as emerging markets weather crises: Default rates on EM corporate bonds were lower than those in developed markets last year, despite the strengthening USD, the US-China trade war, and financial crises in Argentina and Turkey, Steve Johnson writes in the Financial Times. New data reveals that just\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/3\/3390.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597833,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/emerging-economies-face-uncertainty-as-we-enter-the-age-of-automation\/","url_meta":{"origin":626790,"position":4},"title":"Emerging economies face uncertainty as we enter the age of automation","author":"enterpriseam admin","date":"6 May 2019","format":false,"excerpt":"Robots and AI will eat jobs in emerging markets: Emerging countries are the most vulnerable to job losses caused by the increasing role of automation, artificial intelligence, and robots in the economy, OECD research has found. All 11 emerging markets included in the OECD\u2019s analysis are among the 17 countries\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/5\/2118.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602891,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/09\/machines-that-can-read-your-mind\/","url_meta":{"origin":626790,"position":5},"title":"Machines that can read your mind","author":"enterpriseam admin","date":"9 April 2019","format":false,"excerpt":"Machines that can read your mind: Mind reading machines may not be as far off as we think, The WSJ says in the latest piece exploring the capabilities of artificial intelligence and the fascinating albeit unnerving future it holds for us. 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