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The ICT Revolution - Productivity Differences and the Digital Divide (Paperback, New)
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The ICT Revolution - Productivity Differences and the Digital Divide (Paperback, New)
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The view that the Internet and the information and communication
technology (ICT) revolution would deliver a frictionless economy
without recessions is, at least for the time being, dead. This book
takes stock of the ICT revolution, going well below the surface to
ask and answer a few key questions: did the ICT revolution
contribute to the divergence in the growth record? And if this is
the case, how and why were some countries better equipped to
exploit the potential of ICT? The naive approach to the Internet
views e-commerce as a means to achieve a perfect world of
competition. By making information cheap and readily available, it
should allow the affluent consumer to raise competitive pressure on
firms, help the firms themselves to put competitive pressure on
their own suppliers and so on. For the poor countries, the story
goes, the Internet should lower the barriers to entry to rich
countries' markets and foster their inclusion in world markets.
However, the theory of economic geography does not support the idea
that geography becomes irrelevant as the cost of distance is
reduced.
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