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Role of IT- ITES in Economic Development of Asia - Issues of Growth, Sustainability and Governance (Paperback, 1st ed. 2020)
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Role of IT- ITES in Economic Development of Asia - Issues of Growth, Sustainability and Governance (Paperback, 1st ed. 2020)
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This book focuses on the contribution of Information Technology
(IT) and Information Technology Enabled Services (ITES) in shaping
the current and future global economic scenario, with a special
focus on Asia, and taking into account the three broad
macroeconomic dimensions - growth, sustainability and governance
mechanisms. The last two decades have witnessed a structural shift
in the world economy due to the tremendous growth in gross domestic
product share for the service sector; in fact, service has emerged
as the dominant sector and the main driver of GDP growth. This is
mainly attributable to the spectacular success of the IT sector in
the new knowledge economy. Tradability, technology and
transportability - the three T's - govern productivity growth in
today's services. Growing Asian economies such as India, China and
Vietnam, using their demographic advantages, have been reaping the
benefits of this boom. The book's content focuses on recent debates
and discussions concerning the issue of long-term sustainability
and governance, especially in India, as these companies are facing
continuous challenges in terms of international competition, salary
inflation, health hazards, scarcity of talent, employee attrition,
security concerns, global slowdown and many other
technology-related issues. The book further highlights how the
increased application of IT-based products and services is
resulting in harsh inequalities concerning income distribution in
many developing countries of Asia, mainly because of its labor
shedding nature, and hence might be detrimental to sustainable
development, if suitable policy measures are not implemented to
counter these effects. The book provides a wealth of information
for researchers, graduate students and political scientists alike,
as well as thought-provoking insights for social scientists,
policymakers and government officials. It also offers a valuable
source of data for business and management professionals, and for
members of Chambers of Commerce and Industry.
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