World Bank ex-chief economist Basu: AI may widen income inequality, urges global policy coordination

Basu's warning reframes AI as a distribution problem rather than a pure productivity story, which matters because the policy toolkit he names—tax measures and cross-border coordination—is exactly where national politics tend to stall. The call for China and US cooperation is notable given how few venues currently host that dialogue on AI governance. Whether the Bund Summit remarks translate into any formal bilateral track, and whether tax-based redistribution gains traction beyond academic circles, are the open questions worth tracking.