Data Governance, AI, and Trade: Asia as a Case Study

Susan Aaronson

Working Papers from The George Washington University, Institute for International Economic Policy

Abstract: The arc of history seems to be bending again towards the dynamic nations of Asia (Gordon: 2008). The countries and territories of the Asia Pacific region are both a locus for trade and a source of technology fueled growth. In 2017, Asia recorded the highest growth in merchandise trade volume in 2017 for both exports and imports (WTO: 2018, 32). UNCTAD reports that exports of digitally deliverable services increased substantially across all regions during the period 2005– 2018, with a compound annual growth rate ranging between 6 and 12 per cent (table III.1). Growth was the highest in developing countries, especially in Asia (UNCTAD: 2019, 66). Artificial intelligence (AI) is already a leading source of growth for many Asian countries. The AI market in the Asia Pacific was estimated at around US $450 million in 2017 and is expected to grow at a compounded annual growth rate of 46.9% by 2022 (Ghasemi: 2018). Several analysts believe Asia’s AI growth will soon overtake the US (Lee: 2018; Ghasemi: 2018)

Keywords: artificial intelligence; AI; ethics; innovation; trade; foreign investment; nationalist (search for similar items in EconPapers)
JEL-codes: F13 O25 O3 O33 O38 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2020-06
New Economics Papers: this item is included in nep-int and nep-sea
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