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Ethan McGowan

[email protected]

Professor of AI/Finance, Gordon School of Business, Swiss Institute of Artificial Intelligence

Ethan McGowan is a Professor of AI/Finance and Legal Analytics at the Gordon School of Business, SIAI. Originally from the United Kingdom, he works at the frontier of AI applications in financial regulation and institutional strategy, advising on governance and legal frameworks for next-generation investment vehicles. McGowan plays a key role in SIAI’s expansion into global finance hubs, including oversight of the institute’s initiatives in the Middle East and its emerging hedge fund operations.

Ethan McGowan

U.S. import diversification masks continued supply chain concentration Much of the shift reflects rerouting, not real relocation True resilience requires tracking value chains, not labels U.S.

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Ethan McGowan

Payment rails, not digital tokens, now define real monetary sovereignty Stablecoins change the form of money, but control depends on who governs settlement and redemption Policy power survives only if tokenized money clears on domestically regulated infrastructure

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Ethan McGowan

Minimum wages insure routine workers inside firms Shocks tend to push adjustment onto high-skill jobs Policy must pair the firm-level minimum wage with portable support for talent The increase in South Kore

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Ethan McGowan

Inflation is a mix of shocks and trends, not a single number Inflation decomposition clarifies causes and improves policy decisions It should be central to both forecasting and economic education Inflation isn't simple.

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Ethan McGowan

The Donroe Doctrine replaces global leadership with blunt self-interest Tariffs now function as leverage, not policy tools Education and governance must adjust to a less predictable order The Donroe Doctrine isn’t a sweeping histori

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Ethan McGowan

Advanced economies push AI policy because productivity gains are visible and immediate Poorer countries lag as low returns and weak capacity dampen urgency Education policy can still slow the widening AI divide Since the em

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Ethan McGowan

Lower capital requirements failed to increase UK lending Banks chose shareholder payouts over new loans Capital policy without conditions does not drive growth In December 2025, the Financial Policy Com

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Ethan McGowan

AI investment looks inflated, but much of its value is already embedded in real productivity gains Profits and adoption show substance, even as debt and feedback loops create fragility The real policy challenge is managing systemic risk without mistaking transformation for a bubble

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Ethan McGowan

The TSMC–Japan partnership turns education into strategic infrastructure Japan converts geopolitical risk into durable industrial capacity Semiconductor policy is about institutions, not factories Semiconductor risk

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Ethan McGowan

AI is triggering a new global divergence, much like the industrial revolutions before it Countries that control AI systems and skills will gain lasting economic and institutional power Education and policy now decide who leads and who is left behind

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Ethan McGowan

Plurality voting systems amplify narrow anti-immigration platforms The resulting policies accelerate outsourcing and automation, weakening local jobs Institutional reform is key to breaking this self-reinforcing cycle In numerous

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Ethan McGowan

China’s global strategy is increasingly shaped by domestic economic pressures rather than imperial ambition Youth unemployment and slowing growth are pushing policy inward and favoring stability over expansion Education and skills systems now sit at the center of long-term power

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Ethan McGowan

AI-driven automation is shrinking both labor and consumption tax bases A robot tax is becoming a practical fiscal tool, not a provocation Welfare systems may also need less funding as labor is partially emancipated In 2024, the average de

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Ethan McGowan

AI adoption in Europe is still limited, with most firms using AI only as a supporting tool The gap between AI hype and real workplace use reflects risk, skills gaps, and institutional limits Policy and education must focus on practical capacity, not promises of rapid transformation

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Ethan McGowan

The Marshall Islands UBI brings short-term relief but long-term risk Cash works early, yet universal programs strain small economies Success depends on governance and timely adjustment In November 2025, the Marshall Isl

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Ethan McGowan

Health data monetization is failing because patients do not trust technology firms with sensitive medical records Turning health data into a commodity ignores consent, governance, and healthcare’s real economics Without strong safeguards and public oversight, most health data projects will keep breaking down

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Ethan McGowan

Chinese subsidies have tilted global markets in favor of state-backed firms WTO rules have failed to keep pace with this shift Fair trade now depends on coordinated reform and enforcement In the last decade, China’s indust

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Ethan McGowan

Dollar stablecoins dominate liquidity; Asian rivals will struggle Europe’s MiCA and Korea’s stalemate show rules don’t build networks Win small: target local corridors with instant bank redemption and dollar swaps In cryptocurrency m

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Ethan McGowan

Points-based immigration replaced EU free movement and filled shortages Rapid rule swings now strain universities and care services Use a public skills scorecard and align visas with training Brexit was supposed to take back contro

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Ethan McGowan

Big cities can be cheaper for global work due to urban economies of scale But congestion and housing costs strain schools first Education must be treated as city infrastructure Living in major cities often seems expensive.

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