Economic Analysis of Artificial Intelligence Applications and Their Role in Achieving Sustainable Development Goals "An Analytical and Applied Study on the Hashemite Kingdom of Jordan"

Abstract

 First and foremost, we would like to say that the discussion around Artificial Intelligence and its role in the global economy has increased significantly, as well as its important and growing role as a driver of productivity and economic growth, and its effective contribution to improving decision-making by analyzing large amounts of data. 

It should also be noted that artificial intelligence is considered one of the most important outcomes of the Fourth Industrial Revolution, due to its diverse applications in economic, educational, industrial, medical, and other fields. 

Despite the great importance of artificial intelligence applications and the global interest in their results, some express concerns and anticipate negative impacts from the increasing reliance on them. Perhaps this negative outlook stems from the expected impact of these applications on employment and the workforce, small and medium-sized enterprises, the widening knowledge gap between developed and developing countries, and reduced tax revenues. 

In addition, many countries have achieved great success in artificial intelligence applications, such as China, which has set a strategy through 2030 aiming to create a domestic market of about \(\$150\) billion on the one hand, and to become one of the top countries in the world in artificial intelligence on the other. 

 Given the novelty of artificial intelligence and its expected dominance of a large share of the global GDP in the next few years, we have chosen this important topic to examine the expected economic impacts on sustainable development and the reflections of these applications on macroeconomic indicators in Jordan.