UNLEASHING AI'S TRANSFORMATIVE POWER: RESHAPING PRODUCTIVITY, LABOR MARKETS AND POLICY IN THE GLOBAL ECONOMY

This article explores how artificial intelligence (AI) is reshaping global productivity, labour markets and regulatory landscapes. It examines AI's potential to drive innovation, optimise processes and improve decision-making, while acknowledging associated risks such as job displacement, inequality and ethical concerns. The study highlights policy approaches such as the EU AI Act, emphasising a balanced, human-centred framework. It highlights the need for interdisciplinary collaboration to balance the transformative potential of AI with equitable and sustainable growth, and advocates for adaptive governance that fosters innovation while protecting fundamental rights.