1. Economic Growth Through Technology
... and a modernizing force. In most countries, IT spending grows at two to five times the rate of overall economic growth. To the extent that the spending is on locally produced products and services, the industry provides employment, tax revenues and a generally expanded industrial base. As a modernizing influence, the use of IT leverages investments in other capital, called "capital deepening" -- such as ... . Governments help to provide stable infrastructure within which an IT industry can grow, as well as education and skills development for the IT-using populace. The IT vendors bring n...
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- Approx Pages: 3
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- Grade Level: Graduate