Watch Desk posted an update
Inter-American Development Bank chief economist Laura Alfaro says Korea’s proposed Future Fund could help the country weather swings in the global AI cycle. Her practical advice is to save during good times and use those reserves when conditions turn.
Why it mattersKorea’s plan includes four programme areas: youth, growth engines, regional development, and education and talent development. The fund could draw on sources including windfall tax revenue from chipmakers, according to the Korea JoongAng Daily. Alfaro also says paying down debt can count as a form of saving. That makes this more than an AI investment story: it is a debate about whether a boom should leave countries with a cushion when it cools.
Discuss: Should governments save AI-related windfalls for a downturn, or spend them now on growth and public services?
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