Advisor to the Prime Minister Salman F Rahman said that many countries had to face economic crisis due to others. Bangladesh is turning around facing that challenge.
He said these things at the special meeting of the World Economic Forum in Riyadh, Saudi Arabia. About 1,000 delegates from 90 countries participated in this meeting on Monday.
Talking about artificial intelligence in the meeting, Salman F. Rahman said that the continuous progress of artificial intelligence technology in the future can become a threat as well as helpful in the path of overall development.
He also called on the leaders of the world’s top investment institutions to spread the technology capabilities all over the world without limiting them to developed countries.
In the meeting, important people from the governments of different countries discussed global cooperation, growth and energy. Prime Minister’s Private Industry and Investment Adviser Salman F Rahman was leading Bangladesh in this.
Highlighting the success of his country in various fields, Salman F. Rahman said that the development of Bangladesh continued even during the corona epidemic. Everything was fine until Corona. Progress was being made in all sectors of education-health, agriculture-industry. Due to the bold and visionary decision of the honorable Prime Minister, we were able to procure the Corona vaccine immediately after the approval. The government has also handled the impact of Corona well. During that time, growth increased by 5 percent. The Russia-Ukraine war affected the economy to overcome that crisis. Due to which we have to study in the face of economic challenges. Although Bangladesh is not responsible for this, it has to suffer.
Salman F. Rahman also said, Ukraine-Russia war has damaged us a lot. Foreign exchange reserves have decreased. The dollar strengthened against the rupee. Although the economy has been stable for 12 years, the taka has suddenly faced a major devaluation against the dollar. War has troubled us, but it is not our fault.
The use of robots and artificial intelligence technology in industrial factories is important in the discussion. In this regard, Salman F. Rahman fears that excessive use of artificial intelligence technology can become a threat to people. But sharing technology capabilities can benefit the whole world. In the next 5 years, AI will reach places beyond our imagination. Artificial intelligence technology may become more powerful than humans in the future. Will challenge people at work. In view of this, the current world economic system may have to be rearranged in a new way.
Larry Fink, chairman and CEO of Blackrock Company, participating in the discussion at the round table meeting, said that the rule of law and proper education system are needed for the proper use of the population. Apart from this, although most of the developed countries have a small population, they are advancing economically by making up for the population deficit through technological development. Due to this unprecedented advancement in technology, the difference between the developed world and the underdeveloped world is becoming more pronounced. And investors are also investing where profits are high. Investments will go where there are returns, where there are strong capital markets.
The meeting was also attended by Lubna S., Chairman of the Executive Committee of the Olayan Financing Company. Olyan and General Atlantic Chairman and CEO William Ford.
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