And some international companies are moving their AI divisions to Canada.13 To get the most out of the new technologies, we will need to work together to proactively mitigate the more harmful side effects that I have mentioned: the transition period and the potential effects on the distribution of income. There are many promising approaches to managing the first side effect—the transition period.
The problems in the Eurozone have thrown up some issues that were not sufficiently addressed in the construction of the Eurozone. We are aware of the challenges ahead: bringing so many disparate economies as the 53 economies in Africa, into one composite economic bloc is a tall order.