Peru | The Invisible Economy of AI: When GDP Falls Short

Summary

The article explains how artificial intelligence transforms the economy by automating household and market tasks, creating value not captured by GDP. It calls for updated economic metrics to better measure well-being and productivity in the digital age.

Key points

• Key points:
• AI shifts the boundary between home and market, making some economic activities invisible.
• GDP underestimates well-being by ignoring saved time and improved quality of life.
• New metrics are needed, such as time-use surveys and satellite accounts.

Geographies

Topics

Tags