Abstract: Science Set Journal of Economics Research

Abstract:
In this article, we study the impact of Artificial Intelligence (AI) on the global economy. At first glance, the influence of AI on the global economy is apparent: revolutionizing productivity, redefining industries, and setting the stage for economic growth. Simultaneously, AI is permeating the realm of policymaking, providing unparalleled data-driven insights, and facilitating nimble, informed decisions. Looking deeper, we can see that these technologies guide regulatory frameworks, foster innovation, and contribute to comprehensive governance structures. In the backdrop of these changes, the future of the US dollar's hegemony is uncertain, given China's rapid rise and the divisive nature of American politics. Once unquestioned, the power of the US dollar faces some challenges to the changing dynamics of global finance. Forward world moves forward, nations must navigate this complex landscape, leveraging the transformative potential of AI, fostering cooperative relationships, and crafting policies that ensure economic stability and prosperity in a rapidly evolving global arena.