Exploring The Future Of Global Financial Markets: How Technological Innovation, Artificial Intelligence, And Digital Currency Are Reshaping Economic Growth

Abstract

This study is intended to evaluate the impact of technological advancement, artificial intelligence and digital currencies on economic growth, markets, and the global economy in the year 2024. With the globalization process of the financial sector in the foreground, AI blockchain technologies and DCs have perspectives and threats. These technologies challenge traditional patterns of monetary foundations, incorporate new paradigms of economic interactions, and put pressure on institutional frameworks operating in economic sectors. Big data and particularly AI are introduced to the financial industry as a new approach to financial decision-making, while DCs brought new transactional paradigms disrupting traditional banking and global trade. The research uses both qualitative and quantitative research methodology to establish trends and correlations between growth factors, DC and AI in finance. AI specialists and policymakers explore the increasing complexity and size of financial systems, better policies for every specific type. This approach extracts AI and DCs impact on growth paths across diverse economies using select case comparisons from these markets. The evidence points to increased globalization and efficiency in international markets, and specifically to technological innovation, AI, and DCs as promoting the intensification of global likeness. It introduces efficiency and product innovation; it creates new forms of regulatory problems and affects the stability of the financial markets. With increasing complexity and size of financial systems, better policies for every specific type and increased interaction among the stakeholders needed to apply these technologies for sustainable development. This research laid the foundation for enhancing the comprehension of the effects of technological progression in 2024 on global finance and provides policy recommendations for the improvement of the regulatory environment that encourages innovations and the safeguarding of financial market integrity.