AI Revolution in Emerging Economies: Analysis from China and India

Authors

Jie Yang
Jieqiong Ma, Frank G. Zarb School of Business at Hofstra UniversityFollow
Seven Hills Panyala, Frank G. Zarb School of Business at Hofstra University

Abstract

The Artificial Intelligence (AI) Industry has experienced explosive developments over the last decade. While substantial research has been conducted to discuss the importance of AI for the future of society, the majority of existing literature focuses on a handful of leading AI companies, usually from Western developed economies. Few studies discuss the growth of AI in emerging economies. This gap is notable given that many business analysts and scholars believe that some emerging economies will disrupt Western countries for industry leadership over the next decade. To address the above mentioned research disconnect, we analyze the AI industry of China and India by illustrating their government initiatives, competitive advantages and disadvantages, and major cities for AI development. Recommendations for policy makers and business managers are provided at the end.

Recommended Citation

Yang, Jie; Ma, Jieqiong; and Panyala, Seven Hills (2020) "AI Revolution in Emerging Economies: Analysis from China and India," Journal of International Business and Law: Vol. 20: Iss. 1, Article 4.
Available at: https://scholarlycommons.law.hofstra.edu/jibl/vol20/iss1/4