The rapid financing of the AI boom through massive corporate debt issuance is creating significant stress on global financial markets. This influx of private capital forces competition with government Treasury bonds, as AI companies offer higher yields than equivalent sovereign debt, thereby pushing up long-term interest rates. While this signals strong investment demand for AI, it raises concerns about systemic risk and the potential destabilization of core bond markets. Policymakers must navigate the tension between fueling critical technological growth and maintaining stable public borrowing costs to prevent a financial crisis.
Bridging two worlds: economic and technology governance
English Summary
Chatham House argues that global governance in 2026 can no longer treat economic/financial governance and digital-technology governance as separate domains. The event supports this by centering practical cross-cutting questions on digital currencies, AI’s economic impact, reform bottlenecks, and how global shocks affect both systems at once. Its core reasoning is that technological competition and retreat from multilateralism have created shared risks and interdependent policy choices across these fields. The policy implication is that governments should build integrated governance strategies, strengthen emerging economies’ influence in rule-shaping, and use digital tools to modernize economic and financial governance capacity.
中文摘要
查塔姆研究所主張，在2026年，全球治理已無法再將經濟／金融治理與數位科技治理視為彼此分離的領域。該活動以數位貨幣、人工智慧對經濟的影響、改革瓶頸，以及全球衝擊如何同時影響兩套系統等務實且跨領域議題為核心，支持此一觀點。其核心論證指出，科技競爭加劇與多邊主義退潮，已在這些領域之間形成共同風險與相互依存的政策選擇。其政策意涵是，各國政府應建立整合式治理策略，強化新興經濟體在規則塑造中的影響力，並運用數位工具提升經濟與金融治理能力的現代化。
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