Economic Impact of Artificial Intelligence and Policy Framework: Analysis of International Practice and Strategic Recommendations for Georgia

Nino Bitsadze  [email protected]

Nino Taganashvili   [email protected]

 

Abstract

The following paper explores the macroeconomic impact of Artificial Intelligence (AI) and the role of national strategies in shaping the technological ecosystem, with the goal of developing evidence-based policy for Georgia. The first part of the study analyzes the sectoral economic effects of AI based on projections from Goldman Sachs, McKinsey, Penn Wharton, and the IMF and assesses the potential for technology integration in Georgia’s finance, healthcare, and education sectors. The second part presents a comparative analysis of the AI strategies of Singapore, the United Kingdom, Canada, and France - countries that have achieved success through institutional flexibility and targeted policies independently of the dominant models of the USA and China. The research reveals that an effective AI ecosystem requires an adaptive regulatory framework, infrastructural investments, the integration of ethical standards, and cross-sectoral coordination. In Georgia, the total absence of a national AI strategy and legal definition leads to fragmented approaches, which creates a structural barrier to technological development. The paper argues for the critical necessity of developing an integrated strategic framework that will ensure Georgia’s positioning as a regional technological leader.

Keywords: Artificial Intelligence (AI), National AI Strategy, AI Governance , Technological Ecosystem,  Economic Impact of AI