A new tide of optimism washes over emerging economies with the advent of artificial intelligence (AI). While the technological revolution carries the potential to exacerbate inequalities, it equally holds the promise of driving economic growth and improving public services, particularly in developing countries. Implementations range from enhancing agricultural practices to transforming education and health services.
Satya Nadella, the CEO of Microsoft, reflected with concern on history’s technological advancements, notably the Industrial Revolution, which failed to reach his native India due to colonial power dynamics. Today’s emerging technologies, particularly AI, offer a beacon of hope for marginalized countries to thrive on a more equitable playing field. Despite some skepticism stemming from previous tech trends that overstated their impact, the prospect of AI is particularly intriguing for the global south.
AI is positioned as a multipurpose lever for growth, with anticipated productivity hikes and the potential bridging of skill gaps at a pace seldom seen. For developing nations, AI is more than an imported solution; it’s an opportunity to generate tailored interventions—creating jobs while yielding smarter and more effective services.
Fidelity Emerging Markets Limited (LON:FEML) is an investment trust that aims to achieve long-term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging markets companies, both listed and unlisted.
