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Asia Research
Economists: Generative AI Could Boost Productivity
Benefits Seen for Healthcare, Education, but Job Concerns Persist
2023/07/03
The Japan Center for Economic Research and Nikkei conducted the thirtieth quarterly consensus survey on Asian economies in June. As a special question, this survey asked economists and analysts from five ASEAN countries (Indonesia, Malaysia, Philippines, Singapore, and Thailand) as well as India about the impact of globally debated “generative AI” technologies, such as ChatGPT, on their respective economies.
◆ Highlights
- A special question of the thirtieth quarterly consensus survey on Asian economies asked Economists and analysts from Indonesia, Malaysia, the Philippines, Singapore, Thailand and India about the impact of “generative AI” technologies such as ChatGPT on their respective economies. Out of the 39 respondents who participated in the survey, 18 provided their answers on generative AI.
- The majority of respondents (14) evaluated the impact positively, expressing high expectations for increased productivity through task automation. The impact was noted across a wide range of industries, with particular emphasis on healthcare and education.
- Only two respondents, one from India and one from Indonesia, shared broadly negative views of the new technology. Both India and Indonesia have relatively high youth (15-24 age) unemployment rates. There were also many voices outside of these countries pointing out the negative impact of generative AI on employment.
The outcome of this survey was also reported at Nikkei Asia. (July 3, 2023)
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