Modern Monetary Theory (MMT): A General Introduction

As the fourth Industrial Revolution unfolds, Artificial Intelligence – devouring computational power and big data – is fuelling an ‘AI Spring.’ This article outlines the trends in Generative AI and explores the need to invest in human capital through upskilling/reskilling programmes amid fears of AI replacing humans. It attempts to reframe the conversation and larger vision in a positive light such that primacy remains with humans.

The COVID-19 pandemic left behind many enduring legacies, with remote work, commonly known as Work-From-Home (WFH) being one of its more enduring ones. Back then, workplaces witnessed a remarkable revamp in routines, schedules and practices. Weekly office meetings shifted from conference rooms to living rooms via virtual meeting apps. Home desks assumed the role of office cabins, complete with the added benefit of flexible working hours in many instances. This new paradigm of work demonstrated a largely positive impact in different sectors with increased productivity, better work-life balance, and environment-friendly results – a reason that has led to the continuation of the trend even after the pandemic. Now, it’s time to analyse how to effectively increase adoption of this innovative mode to crucial domains – such as education, finance, media, marketing, customer service and political processes etc.

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