Technological, Economic, and Social Changes : The Role of End-to-End Technologies

The purpose of this chapter consists in analyzing the impact of end-to-end technologies (primarily, artificial intelligence) on economic development: Technological changes do not always lead to the desired results and, on the contrary, can cause economic and moral damage in some cases. A human who, by nature, always wants to work less and relax more finally gets this opportunity, but, for some reason, remains dissatisfied with the fact that the robots have taken their jobs away after all. The methodological and theoretical framework of the research is the tasks set by prominent contemporary economists: Zeira, Aghion, and Acemoglu, who consider artificial intelligence as one of the main factors of economic growth in the digital age. The authors of this chapter conclude that AI is more than just a factor in economic growth. It plays a dual role in socioeconomic development: as a stimulus for the growth of human employment, labor productivity, and, as a result, a reduction in employment. Both aspects are very important in the formation and adjustment of the policy to ensure the social security of any country at the present stage