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AI: A Tool for Global Trade Resolution
- Global trade is impacted by protectionist practices resulting in supply chain disruptions, higher prices, and international disagreements.
- AI offers potential as a tool to reduce trade tensions and create a more equitable and effective trade system.
- Political will is crucial, but AI can provide innovative solutions for navigating complex trade conflicts.
AI: A Tool for Trade Dispute Resolution
- AI excels at data-driven decision-making, addressing the core issue of lacking consensus on protectionist measures’ economic impacts.
- AI analyzes global supply chain data and consumer price changes to offer policymakers real-time insights.
- Predictive models simulate the effects of tariffs, quantifying risks to industries, employment, and GDP, potentially fostering compromise.
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