Advances in technology and artificial intelligence are going to fundamentally reshape jobs, industries, and economies. But just how significant will those changes be for the economies of Europe, the Middle East, and Africa?
One 2023 report by a group of Goldman Sachs economists predicts that about two-thirds of current jobs in Europe and the US are exposed to some degree of AI automation, while up to a quarter of all work could be completely replaced with AI Economists estimate that about 300 million full-time jobs could be lost globally to this type of automation.
How should policymakers, companies, and workers in EMEA countries respond? Is it all bad news, or does the coming wave of technological innovation present humans with new opportunities?
At our virtual Economic Outlook event on February 26, Randall S. Kroszner and Chad Syverson of Chicago Booth joined Julia Lane of the NYU Wagner Graduate School of Public Service for a lively discussion on what lies ahead for the economies of EMEA.
Get key takeaways from their conversation or watch the full event recording.
Kroszner is the Norman R. Bobins Professor of Economics. He served as a governor of the Federal Reserve System from 2006 to 2009, and was previously deputy dean for executive programs at Booth. He serves as the chair of the financial research advisory committee for the US Treasury’s Office of Financial Research and as a member of the Bank of England’s Financial Policy Committee.
Randall S. Kroszner
Lane is a professor at the NYU Wagner Graduate School of Public Service and an NYU Provostial Fellow for Innovation Analytics. She cofounded the Coleridge Initiative, which aims to transform the way governments access and use data for the social good. She previously served on the Advisory Committee on Data for Evidence Building and the National AI Research Resources Task Force.
Julia Lane
Syverson is the George C. Tiao Distinguished Service Professor of Economics and a research associate of the National Bureau of Economic Research. Syverson is also coauthor of the intermediate-level textbook Microeconomics. His research on the interactions of firm structure, market structure, and productivity have been published in several top journals and has earned multiple National Science Foundation Awards.
Chad Syverson
Phillips is a journalist who writes about business, technology, economics, and innovation. He hosts the VoxTalks Economics podcast for the Centre for Economic Policy Research, investigating early-stage economics research. He has written for The Wall Street Journal Europe, The International Herald Tribune, The Times and Sunday Times, The Observer, The Telegraph, The Independent, and The Daily Express, among others.
Tim Phillips
