Further Thoughts and Closing Remarks

Imad A. Moosa ()

Chapter 8 in The Economics of Artificial Intelligence, 2025, pp 188-208 from Edward Elgar Publishing

Abstract: AI has been recognised as a strategic technology with far-reaching implications for economic competitiveness, national security, and geopolitical influence. It is considered a critical component of national power due to its potential military, economic, and social applications. The challenge posed by China to US dominance in the field of AI is dangerous because it has long been recognised that war breaks out when a rising power challenges the incumbent power. While it is arguable that AI is like other fields of science and technology, all of which are Western inventions, history tells us that the development of science and technology is an evolutionary process propelled by scientists and scholars from the East, West, North and South, which means that no particular country or continent or ethnic group has a monopoly over the process. The views differ on whether or not the AI hype will end like the dotcom bubble.

Keywords: Geopolitics of AI; Thucydides Trap; Indo-Pacific Economic Framework for Prosperity; Contribution of China and Russia to AI; AI hype; AI bubble; AI winter (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035345854
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