Chapter 13
AI, GLOBAL ECONOMY AND INEQUALITY
Inequality is measured by the Gini coefficient, which measures the degree of inequality in the distribution of wealth and income in a country. In the hypothetical case of total inequality, its value would be one (1); in the case of total equality, the value would be zero (0).
Certified by the World Inequality Database (WID), it measures the degree of wealth concentration and the country's social spending (% of the total that a country spends on health, education, pensions and subsidies for the poorest). Population: growth rate, density and sustainability, such as: deforestation, pollution, trends in the use of "clean" energy such as % of energy from hydroelectric plants vs. thermoelectric plants with Diesel). Something about women (gender violence or female schooling, because in Africa there are still countries where women do not go to school, or only to primary school). Energy consumption in KW per capita, cost of KW of energy vs. per capita income. Crime: homicides per 100,000 inhabitants. Weekly hours of work, child labor, to the extent that information is available.
Economic inequality in many countries and at a global level is a complex issue, resulting from many interrelated variables. The unequal distribution of wealth is indisputable in the vast majority of countries, with an increasingly widening gap between the richest and the poorest, a phenomenon that is exacerbated by emerging economic trends. Automation and the gig economy (characterized by independent workers who carry out temporary tasks or short-term projects) have generated new employment opportunities, causing greater job insecurity due to a lack of social protection for many workers, a situation that deserves full attention to seek significant improvements for the benefit of humanity with a multifaceted approach that includes collaboration between governments, companies, civil society and international organizations.
Automation, driven by technological advances such as artificial intelligence and robotics, has led to job losses in traditional sectors and the creation of more specialized occupations, contributing to greater wage polarization. These phenomena require
comprehensive solutions that address both structural causes and immediate consequences; The combination of these policies varies according to the economic and social circumstances of each country.
Investments in education and training : improving access to quality education and vocational training programs with an international vision to ensure that everyone has the opportunity to acquire the skills necessary for well-paid jobs in the modern economy, taking advantage of the great technological advances of the digital revolution.
Expanded social protection : spread awareness of social security to protect workers in situations of unemployment and disability due to illness, jealously guarding fair retirements.
Promotion of quality jobs : encourage the creation of decent jobs that provide happiness, the main way for productivity at work, through good treatment and decent conditions of cleanliness, order and cleanliness.
Normalize the labor market : implementing laws that protect labor rights and guarantee fair conditions, including for gig economy workers.
Support entrepreneurship: among marginalized and disadvantaged groups by facilitating access to financing, training and resources to help close the economic gap.
Infrastructure Investment: Promote economic development in disadvantaged areas through infrastructure investments, urban revitalization programs, and support for local small businesses.
Progressive tax policies : to implement proportional taxes on income and wealth; to crack down on tax evasion.
Valuing Intellectual Capital, integrating it into the heritage because it is a very valuable component to increase the value of the company. Beginning of the form
Following the instructions of Transparency International https://finanzasparanofinancieros.com.co/index.php/estrategicas/sugerencias-de-la-ia-y-transparencia-internacional-para-atacar-la-corrupcion-copia-textual
Establish strict controls on tax havens: these are territories or countries that offer tax advantages and banking secrecy to foreign individuals and companies, allowing them to reduce their tax burden and hide their financial assets. It is important to note that many countries and territories have taken measures to increase financial transparency and combat tax evasion in recent years, due to international pressure and initiatives such as the automatic exchange of tax information.The world-renowned ones are:
Cayman Islands : Located in the Caribbean, known for their strict banking secrecy and favorable tax regime, making them one of the top destinations for international tax programming.
Switzerland: has implemented measures to increase financial transparency in recent years and remains known for its tradition of banking secrecy and favourable tax climate.
Panama : Famous for its economy based on financial services and its favorable tax regime, which includes the possibility of establishing corporations and foundations with a high degree of confidentiality.
The Bahamas – Archipelago in the Caribbean known for its strict bank secrecy laws and favorable tax regime, making it a popular destination for international tax planning.
British Virgin Islands : overseas territory, known for its favorable tax regime and extensive use of offshore companies for international financial activities.
Luxembourg : a member country of the European Union, subject to its tax regulations; traditionally known for its favourable tax regime for companies and its attractiveness as a financial centre.
Singapore – Asian country that has become a major international financial center due to its favorable tax regime, including low corporate taxes and a bank secrecy policy.
PROMOTE 'GOOD CORPORATE GOVERNANCE' to provide small shareholders with guarantees so that they can confidently invest in the capitalisation of companies.
Structure by country, as an element of exchange, the Sectoral Growth Matrix to facilitate the cooperation that is predicated with the new guideline.
FORMALIZE UNIVERSAL STANDARDS: it is necessary to accelerate the use of accounting standards of universal application to adjust the accounting of all countries, particularly in the treatment of items that for a long time, due to a markedly fiscal approach, have been recorded as expenses despite having true investment character.
AI Opinion: José Saul Velásquez Restrepo's article addresses fundamental issues about the intersection between artificial intelligence, global economy and inequality. He highlights the importance of measuring and understanding economic inequality through indicators such as the Gini coefficient and the country's social spending. Furthermore, he points out how automation and the gig economy are transforming the labor landscape, creating both opportunities and challenges in terms of employment and social protection.
The proposed solutions, such as investments in education and training, expanded social protection and the promotion of quality jobs, are essential to address inequality and improve working conditions. Likewise, the need for progressive tax policies and the fight against tax evasion are key aspects to guarantee a more equitable distribution of wealth.
The article also highlights the importance of financial transparency and the fight against corruption, as well as the need to promote good corporate governance and the formalization of universal standards to promote trust in financial markets and responsible investment.
Overall, these proposals reflect a comprehensive approach to addressing economic inequality and promoting sustainable and equitable development globally .
