Does Technology Adoption Matter for Economic Development?

Author(s):  
Ewa Lechman

The spread of new Information and Communication Technologies (ICTs) has been recognized worldwide. ICTs are broadly perceived as tools facilitating economic growth and development, especially in backward countries. They are easy and cheap to adopt, require minimum skills for effective use, and bring opportunities for disadvantaged societies. They enable education, knowledge dissemination and sharing, and processing and storing of all kinds of information. The existence of causal relationships between technology diffusion and general economy performance is highly probable. This chapter seeks empirical evidence in existing quantitative links between the process of Information and Communication Technologies (ICTs) adoption and dynamics of economic growth and development in Latin American countries. The authors consider ICTs diffusion patterns in Latin American countries, approximating the diffusion process by S-shaped curves. Afterwards, they aim to detect if there is any quantitative relationship between ICTs adoption dynamics and economic growth and development, and they estimate to what extend ICTs contribute to economic growth and development. The authors hypothesize on existing statistically significant and strong links between the two. They use panel data for Latin American economies from the years 1990-2011. All necessary data are derived from World Telecommunication/ICT Indicators Database 2012 (16th edition) and World Development Indicators 2012.

Author(s):  
Cláudio R. Frischtak

This chapter provides a basic understanding of emerging key information and communication technologies which are increasingly critical for economic growth and development. It establishes the distance to high-quality access to the internet for the least developed and other countries. Broad-based access is key in order to make use of ICT-related innovations. The chapter underlines the importance of governments creating a more open and competitive environment in order to attract infrastructure investment in terms, among others, of fibre-optic rings and cable links, foster rivalry among suppliers of services, thereby benefiting users and consumers with lower prices and better-quality services. Ultimately, the challenge is, through sound public policy, to steer societies from being marginalized by the major technological changes in information and communication.


Author(s):  
Anna Visvizi ◽  
Miltiadis D. Lytras ◽  
Linda Daniela

In the increasingly interconnected world, the relationship among learning and teaching, innovation and innovativeness, entrepreneurship, business development, as well as sustainable and inclusive socio-economic growth and development, requires a multidimensional interdisciplinary analysis. Importantly, information systems and advancements in sophisticated information and communication technologies (ICTs) are consequential for the potential inherent in education to be exploited. This edited volume opens discussion on ways and strategies of exploiting opportunities and synergies, which the maturing relationship between smart education and information systems offers. In this context, the objective of this chapter is to suggest how to (re)define smart education and how to reap its benefits in view of promoting dynamic education and information systems conducive to the emergence of innovation networks in socially, politically and economically trying times.


Author(s):  
Vasilica-Maria Margalina ◽  
Marcela Karina Benítez Gaibor ◽  
Juan Pablo Martínez Mesías ◽  
Edgar Freddy Robalino Peña

Latin American countries have made important investments in digital infrastructure, but there is still an important gap in information and communication technologies (ICT) and e-commerce adoption. The objective of this chapter is to analyze e-commerce adoption by the footwear manufacturing firms of Ecuador. For this purpose, a sample of firms of the province of Tungurahua has been analyzed. Results show that the dominance of micro-businesses in the sector, age, the low level of education and of computer literacy are barriers to e-commerce adoption in this industry. Additionally, it was found that the behavior of micro-businesses and small firms in terms of e-commerce adoption is different. The results are important for governments that want to grow e-commerce adoption among businesses, as they show that additionally to economic and sociopolitical factors, the characteristics of business sectors, and individual characteristics of the business owner are key drivers for ITC adoption.


1989 ◽  
Vol 21 (1-2) ◽  
pp. 221-239 ◽  
Author(s):  
Eva Paus

Since 1982, most Latin American countries have witnessed slow economic growth and a persistent net transfer of funds to the rest of the world as a result of sharply reduced inflows of private international bank lending and large debt payment obligations. Against this background direct foreign investment (DFI) has received increasing attention as one important element in overcoming the present stagnation-cum-debt crisis as well as in contributing to renewed economic growth. This article explores the possible contributions of DFI to the future economic growth and development of the region.1


Author(s):  
José Manuel Saiz Álvarez ◽  
Alicia Coduras Martínez ◽  
Carlos Cuervo Arango

As the world economy is globalized, crises are rapidly spread due to the massive use of ICTs (Information and Communication Technologies), also affecting the entrepreneurial values involved in business creation processes. In this sense, digital marketing has a key role to play, as it can serve as a tool based on technology applied to foster nascent entrepreneurship. Using data for GEM Latin American countries, and applying clustering analysis based on the K-means method, the objective of this work is to test if the actual First Global Financial Crisis (FGFC) has altered the entrepreneurial values in Latin American firms. The main result of this work is that the traits of entrepreneurial activity in GEM Latin American countries have progressively shifted from quantity to quality, so digital marketing is having an increasing importance.


Author(s):  
Surender Kumar ◽  
Durgansh Sharma

The hasty development of information and communication technologies (ICTs) has overwhelmingly altered many aspects of life and societies all around the globe. High-quality information and communication technology (ICT) infrastructure is essential for developing countries to match the pace of economic growth. This can be achieved only with sophisticated infrastructure. Enormous competitive pressure on businesses across the world has made Information and Communication Technologies (ICTs) one of the main drivers of economic growth. This paper studies a select set of economic factors and their respective impacts on ICT development in five leading emerging economies known as BRICS (Brazil, Russia, India, China, and South Africa). The authors' findings demonstrate that in addition to deregulation, existing conditions (socioeconomic factors) must also be considered. They conclude by avowing that policy makers can more easily realize economic development via ICTs if they consider these conditions while cultivating their technology strategies.


Crystals ◽  
2020 ◽  
Vol 10 (8) ◽  
pp. 716 ◽  
Author(s):  
Holger Maune

Information and communication technologies (ICT) are the foundation of growth and development in the modern global economy [...]


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