ECONOMIC OPPORTUNITIES OF AI

Author(s): Popovski, N.
Article Тitle: ECONOMIC OPPORTUNITIES OF AI
Journal: International Dialogue: East-West
Publication Year: 2025
Publication Type: Journal Article
Article Type: Paper
Volume, Issue: 11(1)
Pages: 33-43
DOI:
ISSN (print): 1857-9299
ISSN (online): 1857-9302
UDC:338:004.8(100)“2024”
334.72:004.8(100)”2024”

APA 7 citation
Popovski, N. (2025). Economic opportunities of AI. International Dialogue: East-West, 11(1), 33–43.

Harvard citation
Popovski, N. (2025) ‘Economic Opportunities of AI’, International Dialogue: East-West, 11(1), pp. 33–43.

Abstract: The AI technologies have potential to transform economy as it evolves at an unprecedented pace. Used in production, AI is raising the productivity sharply and changing the future of production and of jobs by creating more and decent jobs. Surveys show that investments in AI becomes a top strategic priority for 75% of companies’ CEO. Most successful companies allocate some 80% of their AI investments to ensure that AI is not just an efficient technology but a driver of profits. Implementation of AI, reflected in AI spending, mostly advance in sectors as telecommunications, financial services and consumer industries, while others are catching up. AI driven transformation needs “enablers” required at economy and company level. The private investments in AI need regulation and building of an AI infrastructure which could be also a public. Transformation is more dynamic on the side of the workforce. In the next five
years Gen AI advancements may reshape a substantial number of jobs, affecting up to 40% of total working hours. Trends of use of the AI indicate its integration within the workforce and upsurge of productivity. In 2024 in EU 13,48% of enterprises, with 10 or more employees, used at least one AI tool in their activities, but still the USA and China companies have a crucial role in research and advancing in AI field. An index for the level of AI country preparedness was developed within the IMF in 2024. Macedonian economy is in 77th place in the world and is in the upper half of the countries. The Western Balkans countries indexes are below the average for the CESEE region.

Keywords: AI technology; economic transformation; AI preparedness