Technology Policy And Competitiveness Legislation Overview And Financing

This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

Measuring the Digital Transformation: A Roadmap for the Future provides new insights into the state of the digital transformation by mapping indicators across a range of areas – from education and innovation, to trade and economic and social outcomes – against current digital policy issues, as presented in Going Digital: Shaping Policies, Improving Lives.

This publication provides a guide to the thinking that underpins the Science, Technology and Innovation Policy (STIP) Review programme of UNCTAD within the context of sustainable development and the 2030 Agenda. It has been written primarily for Member State governments that are considering or implementing STIP reviews as well as all those involved in UNCTAD intergovernmental mechanisms including the Commission on Science and Technology for Development (CSTD). It outlines the framework, the methods and the various possible steps in the implementation process of STIP Reviews and their expected short- and medium-term outcomes.