Despite tremendous advances in social sciences in the past decades, the patterns of international trade and economic development are often elusive. Economic development is a challenging optimization game, with governments and corporations advocating various policy mixes believed to generate a desirable economic outcome.
Nextrade has opened a new line of business that uses artificial intelligence and machine learning to understand the drivers and effects of complex economic phenomena that have long eluded even the best of economists, at subnational and national levels, and to optimize solutions to even the most intractable economic problems.
Among our first AI pilots, in 2019 we worked with leading ecommerce marketplace to understand geospatial dynamics in ecommerce and trade development. In 2020-21, we are working with the eTrade Alliance on to understand the geospatial dynamics and impacts of the development of digital ecosystems in developing nations.