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We are entering an age of transformational technologies driven by artificial intelligence (AI).

AI will also fundamentally change manufacturing processes and services delivery, potentially eliminating jobs and increasing inequality.

Unless properly managed, the AI economy may create deep economic and political conflict between its beneficiaries and those left behind.

We review recent developments in the economics of AI, with particular focus on which jobs AI will likely replace and the reasons why.

We explore differences in AI deployment across countries and regions, and their implications for international economic relations between the US, China, and the EU.

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