AI and Automation in the Global Economy

The book AI and Automation in the Global Economy: Reimagining Work, Trade, and Sustainability explores how artificial intelligence (AI) and automation are reshaping global industries, enhancing productivity, reducing costs, and fostering innovation. It analyzes AI's sectoral impact across finance, healthcare, manufacturing, and services, highlighting both the opportunities and disruptions caused by intelligent automation. AI is credited with boosting efficiency, enabling new business models, and driving entrepreneurial growth, while also causing labor market shifts and ethical concerns such as job displacement and data privacy. The book emphasizes the rise of generative AI, AI-driven decision-making, and the growing role of AI in transforming workplaces and HR practices. In the context of developing economies like India, it discusses infrastructure gaps, skill shortages, and the need for inclusive policy frameworks. Ultimately, the book calls for strategic, ethical, and inclusive adoption of AI to ensure sustainable economic transformation and workforce readiness in a rapidly evolving digital world.

Autorentext
Dr. A Saravanan, Associate Professor, Department of Economics (SF), PSG College of Arts & Science, Coimbatore - 641 014, Tamil Nadu.Ms. K. Rithanya Priya, Teaching Assistant, Department of Economics (SF), PSG College of Arts & Science, Coimbatore - 641 014, Tamil Nadu.