Economic Security
Economic Security
Technology will also play an increasingly important role in foreign policy. The
rapid rise of artificial intelligence and the ensuing debate on how to best
regulate it will have consequences for global development and geopolitical
competition this year. In 2023, we saw China move early to roll out AI
regulations, the G7 adopt a code of conduct on AI, President Biden sign a
landmark Executive Order on AI safety, and the European Union agree to one
of the world’s first comprehensive AI regulation acts. This year, the race to
innovate and regulate AI will impact global development as countries diverge
on how to harness its opportunities – including around disaster response,
supporting smallholder farmers, and detecting infectious disease patterns. The
growth of AI further underscores the need to build the rules of the road across
countries, to close the “digital divide” and to ensure that the benefits of
technological development are broadly shared.