Macro Markets and Machines_The Economic and Market Transformation Driven by AI_GWM report - Flipbook - Page 32
Macro, Markets, and Machines
November 2025
C.
Human capital and labour market policies account for the prevalence of digital skills to leverage new
technologies with greater ease but also takes into account policies that facilitate labour reallocation and
protections for displaced workers.
D.
Regulation and ethics measure the suitability of existing legal and enforcement frameworks to new
digital business models.
Exhibit 23 – The IMF’s Four-Pillar AI Preparedness Index
1.0
0.77
0.8
0.72
Index
0.64
0.6
0.22
0.4
0.20
0.15
0.47
0.18
0.17
0.15
0.12
0.18
0.17
0.15
0.13
0.19
0.18
0.19
US
G7
China
0.2
0.11
0.0
Regulation & ethics
Human capital & labour policies
Digital infrastructure
AI preparedness index
0.11
EM
Innovation & econ. integration
Sources: IMF; Scotia Wealth Management.
Based on these four factors, the IMF’s AIPI (Exhibit 24) ranks G7 countries on top, with a score of 0.72 for the
group, where the United States scores 0.77 and the Eurozone sits at 0.67. In comparison, emerging market
economies sit at 0.46, where values vary widely from China’s 0.64 or Chile’s 0.59 to India’s and Brazil’s ~0.5.
Different starting points in the early stages of the AI wave, as proxied by the IMF’s AIPI, are therefore teeing up a
widening economic divide, as some countries lack the foundations needed to potentialize the benefits of this
growing technology. Sub-Saharan Africa’s AIPI of 0.34 is less than half of the United States’ and Canada’s.
Exhibit 24 – Advanced Economies Are Winning the AI Preparedness Race
Notes: EM = Emerging Markets. LAC = LatAm and the Caribbean. MECA = the Middle East and Central Asia. SSA = Sub-Saharan Africa.
Sources: IMF; Scotia Wealth Management.
Scotia Wealth Management
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