Research Article

Impact of Social Media on Geopolitics and Economic Growth: Mitigating the Risks by Developing Artificial Intelligence and Cognitive Computing Tools

Table 2

Systematic review.

YearTitleAuthor (s)CountryFindings

2013Social media heightens political risks in emerging marketsKay and FreelyUSAGovernments must integrate social media into their strategies and recognize the political risk regarding social media. A comprehensive risk management plan regarding social media can prepare institutions with more ability regarding social media.
2013The social media in the economyPapachristouSpainThe emergence of social media can produce economically benefitting results for some users. Furthermore, the study states that social media has laid foundations for a participatory economy, where one participant gains value from the action of others.
2016Impact of social media on economic growth – evidence from social mediaDell’Anno et al.ItalyAfter the tests, it is identified that social media has a significant and negative impact on economic growth. Further research suggestions included accessing whether the negative impact is due to greater consumption of nonmonetary content, decreased productivity, increased search costs, or a mix of the three factors.
2012Social media - The new power of political influenceAuvinenBelgiumPolitical opponents can use social media to learn from each other much more easily and openly.
2016Infrastructures of empire: towards critical geopolitics of media and information studiesAouragh and ChakravarttyUnited KingdomSocial media has a strong impact on geopolitics as it exposes the current situation in locations where they might want to keep it a secret.
2016The geopolitics of social media in EurasiaChausovskyRussiaThe use of social media has been shaped by geopolitical circumstances, rather than the other way around. Certainly, social media can act—and has acted—as an enabler of significant political developments. But, far from causing revolutions—and more importantly—ushering in regime change following these revolutions, social media simply serves as one tool among many as a force for political change.
2019Digital communication disrupting hegemonic power in global geopoliticsSimonsSwedenSocial media and new media are playing a greater part in international relations and politics. They are being used as a means to defend the existing world order and as a means to undermine it. These new forms of media are potentially very potent instruments of influencing the course and discussions on the existing world order and its possible directions. They are able to unite diverse groups and individuals spread across the planet dedicated to specific issues.
2016Populism and social media: How politicians spread a fragmented ideologyEngesser et al.SwitzerlandThe paper states that social media gives populist politicians and other key figures the ability to voice out their opinions and gain a following, while the study explores deep into populism culture and suggests refined structuring of the topic for the future.
2019What to do about social media? Politics, populism and journalismCrilley and GillespieUnited KingdomLack of accountability from social media outlets can cause the political use of social media to be out of control. The political use of social media platforms is conducted on unethical grounds and should be subject to appropriate restrictions.
2019E-capital and economic growth in European metropolitan areasKiuru and InkinenFinlandThere is a relationship between economic growth and social media; however, the relationship is negative as it has been observed that cities with fewer social media activities have better growth economically.
2016The role of social media and its implication on economic growth on society in IndiaSharmaIndiaThe use of social media causes economic growth due to cost reduction, effective feedback systems, and branding strategies.
2016Development impact of social mediaAckland and TanakaAustraliaSocial media impacts the economic growth of developed countries when governments intervene through more regulated social media campaigns.
2018The influence of entrepreneurship and social networks on economic growthChen et al.ChinaThere is a significant positive influence of social networks on economic growth.
2019The new geopolitics of converging risksPauwelsUSASocial media is reshaping the geopolitics in both positive as well as negative dimensions.
2019The geopolitics of informationRosenbach and ManstedUSAIn terms of geopolitics, social media has both pros and cons in modern societies; however, the negative consequences are prevalent.