THE ROLE OF ICT (INFORMATION AND COMMUNICATION TECHNOLOGY) IN EMERGING ECONOMIES
Abstract
Technology has always played a vital role in economic development, but its impact has become increasingly significant in recent decades. Technological advancements have led to new industries and products, increased productivity, and improved efficiency in existing industries. This has resulted in economic growth, job creation, and higher living standards. Some specific examples of the role of technology in the economy. The development of e-commerce has revolutionized the retail industry. Online retailers can reach a global audience and offer a wide range of products at competitive prices. This has led to the closure of many traditional brick-and-mortar stores, but it has also created new jobs in the logistics and customer service sectors. E- commerce has also made it easier for small businesses to compete with larger retailers. Technology is constantly evolving, and its impact on the economy is likely to continue to grow in the years to come.References
Arthur, W. B. (2017). Where is technology taking the economy. McKinsey Quarterly, 697.
Audretsch, D. B., Lehmann, E. E., & Wright, M. (2014). Technology transfer in a global economy. The Journal of Technology Transfer, 39, 301-312.
Barry, A., & Slater, D. (2002). Introduction: the technological economy. Economy and society, 31(2), 175-193.
Bassanini, A., Scarpetta, S., & Visco, I. (2000). Knowledge technology and economic growth: recent evidence from OECD countries. National Bank of Belgium Working Paper, (6).
Bhattacharya, M., Rafiq, S., & Bhattacharya, S. (2015). The role of technology on the dynamics of coal consumption–economic growth: New evidence from China. Applied Energy, 154, 686-695.
Brooks, H., & Guile, B. R. (Eds.). (1987). Technology and global industry: companies and nations in the world economy. National Academies Press.
Carlaw, K. I., & Lipsey, R. G. (2003). Productivity, technology and economic growth: what is the relationship? Journal of Economic Surveys, 17(3), 457-495.
Coccia, M. (2018). A theory of the general causes of long waves: War, general purpose technologies, and economic change. Technological Forecasting and Social Change, 128, 287-295.
Connolly, M. P., Hoorens, S., & Chambers, G. M. (2010). The costs and consequences of assisted reproductive technology: an economic perspective. Human reproduction update, 16(6), 603-613.
Dedrick, J., Gurbaxani, V., & Kraemer, K. L. (2003). Information technology and economic performance: A critical review of the empirical evidence. ACM Computing Surveys (CSUR), 35(1), 1-28.
Dittmar, J. E. (2011). Information technology and economic change: the impact of the printing press. The Quarterly Journal of Economics, 126(3), 1133-1172.
Dosi, G., Orsenigo, L., & Sylos Labini, M. (2002). Technology and the Economy (No. 2002/18).LEM Working Paper Series.
Erumban, A. A., & Das, D. K. (2016). Information and communication technology and economic growth in India. Telecommunications Policy, 40(5), 412-431.
Gordon, R. J. (2002). Technology and economic performance in the American economy.
Helpman, E. (Ed.). (1998). General purpose technologies and economic growth. MIT press.
Koh, W. T., & Wong, P. K. (2005). Competing at the frontier: The changing role of technology policy in Singapore's economic strategy. Technological Forecasting and Social Change, 72(3), 255-285.
Kumar, N. (2003). Intellectual property rights, technology and economic development: Experiences of Asian countries. Economic and Political Weekly, 209-226.
Landau, R., & Rosenberg, N. (1986). The Positive Sum Strategy. Harnessing Technology for Economic Growth. National Academy Press, 2101 Constitution Avenue, Washington, DC 22314.
Li, X., & Wang, C. A. (2017). The technology and economic determinants of cryptocurrency exchange rates: The case of Bitcoin. Decision support systems, 95, 49-60.
Li, Y., Dai, J., & Cui, L. (2020). The impact of digital technologies on economic and environmental performance in the context of industry 4.0: A moderated mediation model. International Journal of Production Economics, 229, 107777.
Madsen, J. B., Ang, J. B., & Banerjee, R. (2010). Four centuries of British economic growth: the roles of technology and population. Journal of Economic Growth,
15, 263-290.
Magomedov, I. A., Murzaev, H. A., & Bagov, A. M. (2020, May). The role of digital technologies in economic development. In IOP Conference Series: Materials Science and Engineering (Vol. 862, No. 5, p. 052071). IOP Publishing.
Rooney, D. (2005). Knowledge, economy, technology and society: The politics of discourse. Telematics and informatics, 22(4), 405-422.
Sultanuzzaman, M. R., Fan, H., Mohamued, E. A., Hossain, M. I., & Islam, M. A. (2019). Effects of export and technology on economic growth: Selected emerging Asian economies. Economic research- Ekonomska istraživanja, 32(1), 25152531.
Tassey, G. (1991). The functions of technology infrastructure in a competitive economy. Research Policy, 20(4), 345-361.
Yoo, S. H., & Kwak, S. J. (2004). Information technology and economic development in Korea: a causality study. International Journal of Technology Management, 27(1), 57-67.