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Information Technology and Global Interdependence (Hardcover, Annotated edition)
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Information Technology and Global Interdependence (Hardcover, Annotated edition)
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While considerable attention has been focused on how information
technologies (IT) are affecting particular industrialized nations,
the broader implications of the Information Revolution have begun
to be appreciated only in the past few years. This volume
represents an important first step in understanding and coming to
terms with the global impact of these technological advances. Based
on a series of recent conferences, it distills the collective
wisdom of an international group of some forty specialists in
communications, trade, finance, development, and diplomacy. The
authors identify the potential repercussions arising from the
worldwide dissemination of IT and explore the adjustments and
collective responses that may help to maximize benefits and reduce
harmful effects. The introductory essays make it clear that while
information technologies have created unprecedented opportunities
for growth, they are drastically altering economic relations and
promoting forms of economic interdependence that may have very
serious consequences for individual nations and the world economy
as a whole. Among the economic issues addressed in this volume are
regulatory policy; barriers against information trade; the effects
of IT on financial markets and international financial flows; the
unequal distribution costs and benefits between developed and
developing nations; the supranational power of multinational
conglomerates; and economically harmful competition. The authors
examine institutional changes that are affecting banking, finance,
and trade, as well as legal questions relating to data flow
privachy and intellectual property rights. They discuss the need
for international cooperation and revised trade agreements to
handle these complex new problems. Social and political issues,
including education, employment, and democratic participation are
also considered. Several chapters are devoted to recent innovations
and anticipated developments in technology that will further effect
global interdependence. The most authoritative, up-to-date source
of information on the subject, this volume is recommended for
practitioners and scholars concerned with public policy,
international trade relations, finance, communications, information
technology, and a variety of related fields.
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