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This study aims to evaluate the influence of human capital development on economic growth, with a particular focus on the potential impact of artificial intelligence AI technologies on a global scale. By analyzing diverse economies and their respective investments in education, training, and skill acquisition, we investigate how enhanced human capital contributes to economic performance. Furthermore, we explore the transformative role of AI in augmenting human capabilities and its implications for productivity and innovation. The analysis encompasses quantitative data from various countries, qualitative insights from industry experts, and case studies of successful AI integration. Our findings suggest that while human capital development remains a cornerstone of economic growth, the integration of AI technologies can significantly amplify its effects, leading to accelerated economic advancement. This paper highlights the importance of strategic investments in both human capital and artificial intelligence to leverage synergistic potential for sustainable global economic growth.
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Okoh et al. (2023) studied this question.
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