HAVES VS HAVE-NOTS
A.I. Will Make the World More Unequal
AI will make rich counties richer and deprive 3rd world states of an opportunity to evolve
Globalization, according to conventional wisdom, has reduced global inequality and in general, helped make the world a better place. In spite of its clear positive reverberations, there still remains a high level of international inequality between rich and poor states.
The major component of the world’s income inequality is the result of differing levels of development of two groups of countries (called the “twin peaks” by Quah).
The first group (the United States, Japan, Germany, the United Kingdom, France, Australia and Canada with an annual income above $25,000) constitutes only 13% of the world’s population yet receives 45% of the world’s income.
The second group (India, Indonesia and rural China, and other nations which comprise of 2.1 billion people with an income level under $1,000 ) has 42% of the world’s population but receives…
