Chair: Tim Vlandas, St Antony’s College

Clara Durodié works with boards of directors in the financial services sector and advises them on the strategic adoption of AI for business growth. She also works with AI startups and government authorities and advises them on responsible AI design and ethical adoption.

In this presentation she will talk about some of her recent research on the policy impact of enterprise AI adoption, which is detailed in her upcoming book Edge of Progress: How AI is Transforming Financial Services.

Artificial Intelligence (AI) is one of the most transformative forces of our time, and is bound to alter the fabric of society. It presents a great opportunity to increase prosperity and growth, which Europe must strive to achieve. Over the last decade, major advances were realised due to the availability of vast amounts of digital data, powerful computing architectures, and advances in AI techniques such as machine learning. Major AI-enabled developments in autonomous vehicles, healthcare, home/service robots, education, or cybersecurity are improving the quality of our lives every day.

Abstract:

Large-scale refugee repatriation is sometimes considered a threat to stability and sustainable development because of the burden it could impose on receiving communities. Yet the empirical evidence on the impacts of refugee return is limited. Using longitudinal data from Burundi collected in 2011 and 2015, this paper explores the consequences of repatriation for stayee households (i.e. those who never left the country during the conflict). Burundi experienced large-scale repatriation during the 2000s, with the returning refugees unevenly spread across the country.

Conventional wisdom holds that landed elites oppose democratization. Landlords' political and economic influence may weaken with development, while commercial, financial and industrial elites grow stronger. Yet economic growth doesn't just alter the balance of forces; to the extent that landowners no longer need to control agricultural labor, it can actually change their political preferences. This occurs when landowners can substitute technology for labor.

In Dance of the Trillions, David Lubin tells the story of what makes money flow from high-income countries to lower-income ones; what makes it flow out again; and how developing countries have sought protection against the volatility of international capital flows. The book traces an arc from the 1970s, when developing countries first gained access to international financial markets, to the present day.