AI Offers Lifeline to Developing Economies: World Bank
World Bank says AI can accelerate growth in developing countries within a decade if gaps in power, connectivity, skills and institutions are closed rapidly.
New Delhi, Aug 5 — Artificial intelligence offers a lifeline to developing countries, enabling them to achieve in a decade what might otherwise take a century, but only if governments rapidly close gaps in power, connectivity, skills and institutional quality, a World Bank report has said.
According to the World Bank, jobs in high-income countries are more than three times as likely to be at risk of automation by generative AI than those in low- and middle-income countries. In low- and middle-income economies, 4.5 per cent of existing jobs face automation risk, compared with 14.2 per cent in high-income countries.
At the same time, 16.2 per cent of jobs in developing economies could see productivity meaningfully boosted by AI — close to the 18.7 per cent expected in high-income countries. “The greatest promise for developing countries lies not in replacing workers, but in amplifying what they can do,” the report stated.
