The hottest Economic Impacts Substack posts right now

CIA Director William J. Burns has labeled China as the biggest long-term threat and emphasized focusing resources on countering China.
The CIA has significantly increased its attention on China, creating a dedicated mission center and doubling its budget for operations related to China.
US CIA Director acknowledged that the war in Ukraine has been beneficial for the US, both geopolitically and economically, and used it as a strategy to send a message to China regarding Taiwan.

Russia is prepared to face direct NATO intervention in the war.
Russian military strategy involves shortening their lines and preparing reserves.
US/NATO intervention in the Ukraine war would be unwise and unlikely to defeat Russia.

There are mixed opinions on Bolsonaro's leadership in Brazil, with both achievements and mistakes highlighted.
The current strong Brazilian economy is attributed to external conditions and reforms, but long-term prospects are uncertain due to potential negative effects of previous political strategies.
Blaming Bolsonaro entirely for the current state of Brazil is compared to historical leaders being blamed for past events, emphasizing personal responsibility and the need for political change.

Poverty is not a viable climate strategy, as energy poor countries struggle with funding climate strategies and face worsening conditions over time.
Access to energy resources is vital for economic development; African countries should focus on using available resources to ensure sustainable access to energy for their populations and industries.
African countries must play geopolitical hardball to secure funds and technologies for energy transition and develop climate adaptation and mitigation strategies based on their unique challenges instead of adopting generic foreign policies.

Artificial General Intelligence (AGI) could lead to a rise in global human employment by creating new and more productive job opportunities.
Humans are not like horses; the economy is driven by human needs and desires, and there is no limit to the value humans can derive from the economy.
In a future with AGI, humans may have a comparative advantage in tasks requiring physical dexterity, social interaction, solving 'last mile' problems, and areas where people are an essential part of the service provided.

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Economists are focusing on assessing the economic risks posed by the planetary crisis.
The Biden Administration has released a memo addressing near-term macroeconomic and financial climate risks.
The memo suggests accounting for extreme event risks, transitional dynamics, and effects on particular income groups.

AI tools can create high-quality content and automate tasks dynamically.
Misuse of AI can lead to misinformation, cyber attacks, and privacy breaches.
AI systems may perpetuate biases, economic impacts, and unintended harmful behaviors.

The unveiling of GPT-4, a human-like general intelligence, did not lead to significant market movements.
People may underestimate the impact of advanced AI like GPT-4 due to its familiarity and gradual effects.
The market's lack of reaction to the advancement of AGI suggests a need for better understanding and preparation for the economic and societal impacts of AI.