AI and Sustainable Economic Development: Balancing Growth and Responsibility

Abstract

Artificial Intelligence (AI) has become an indispensable tool in the global drive for economic growth, enabling automation, improving productivity, and fostering innovation across industries. However, its rapid advancement also raises significant concerns regarding its implications for sustainable economic development. This review explores the dual role of AI in promoting economic growth while addressing the ethical and environmental challenges associated with its deployment. It examines the impact of AI technologies on various sectors, from manufacturing to services, and evaluates the responsibilities of policymakers, businesses, and developers in ensuring that AI contributes to sustainable and equitable development. Drawing from recent research (2013-2024), this paper offers a nuanced perspective on the intersection of AI and sustainable development, suggesting strategies for balancing growth with social and environmental responsibility.