The rise of the new economy is undeniable. Yet its impact on the development process is still to be fully understood. Investment in ICT itself is not sufficient to ensure longterm improvements in social well-being but requires other factors that result in an enabling environment in which progress can be achieved. Policymakers must guard against a 'technology fundamentalism', which is the idea that ICT investment is the only need of developing countries.
- Publisher:
-
UNU-WIDER
- Series:
- WIDER Policy Brief
- Volume:
- 7
- Title:
- e-development? Development and the New Economy
- Authors:
- Matthew Clarke
- Publication date:
- December 2003
- ISBN Printed:
- 9291905720
- ISBN Web:
- 9291905739
- ISBN 13 Print:
- 9789291905720
- ISBN 13 Web:
- 9789291905737
- Copyright holder:
- © UNU-WIDER
- Copyright year:
- 2003
- Keywords:
- new economy, ICT, productivity, growth, digital divide
- JEL:
- O30, O14
- Project:
-
Information Technology and Global Economic Development
- Sponsor:
- UNU-WIDER gratefully acknowledges the financial contribution to the research by the Ministry for Foreign Affairs of Finland, and SITRA (Finnish National Fund for Research Development).
- Format:
- online and printed copies
-
- This is a policy-focused summary of the UNU-WIDER projects 'Information Technology and Growth', 'Production, Employment and Income Distribution in the Global Digital Economy', and 'Information Technology and Global Economic Development', directed by Matti Pohjola.