Impact of ICT in the developing countries on the economic growth

Table of Contents

• 1 INTRODUCTION
• 2 ICT AND THE GROWTH THEORY
• 2.1 MEASUREMENT OF ECONOMIC GROWTH
• 2.2 THEORIES OF ECONOMIC GROWTH
• 2.2.1 Neo-classical Growth Model
• 2.2.2 Endogenous Growth Theory
• 2.3 CONCLUSION FOR ICT FROM THE GROWTH THEORY
• 3 INFLUENCE OF ICT ON ECONOMIC GROWTH..
• 3.1 ICT AND ITS ECONOMIC BENEFITS..
• 3.2 CONTRIBUTION OF ICT TO ECONOMIC GROWTH AND ITS DETERMINANTS..
• 3.3 FACTORS INFLUENCING THE CONTRIBUTION OF ICT TO GROWTH
• 4 POTENTIAL OF ICT FOR ECONOMIC GROWTH IN DEVELOPING COUNTRIES..
• 4.1 CLASSIFICATION OF DEVELOPING COUNTRIES
• 4.2 STATE OF ICT IN DEVELOPING COUNTRIES.
• 4.3 ICT IMPLICATIONS FOR THE DEVELOPING WORLD
• 5 SUMMARY
• 6 REFERENCES

Objectives and Key Themes

This paper investigates the relationship between Information and Communication Technologies (ICT) and economic growth in developing countries. By drawing upon both neoclassical and endogenous growth theories, and analyzing empirical evidence, the paper aims to determine how ICTs contribute to economic development.

• The role of ICT in promoting economic growth, particularly through capital deepening and increased productivity.
• The importance of long-term ICT use and networking for sustained economic growth.
• The impact of ICT investment and complementary factors on the effectiveness of ICT in developing countries.
• The challenges faced by developing countries in harnessing ICT for economic development.
• The potential of developing countries to benefit from ICT adoption through technology transfer, improved institutions, and human capital development.

Chapter Summaries

• Chapter 1: Introduction: This chapter sets the stage for the research by highlighting the significance of ICT in the global economy and its potential impact on developing countries. It introduces the main objectives and research questions of the paper.
• Chapter 2: ICT and the Growth Theory: This chapter examines the theoretical framework for understanding the relationship between ICT and economic growth. It discusses both neoclassical and endogenous growth models and their implications for ICT's contribution to economic development.
• Chapter 3: Influence of ICT on Economic Growth: This chapter delves into the practical impact of ICT on economic growth, analyzing its various benefits and exploring the determinants of its effectiveness. It also discusses factors that influence the contribution of ICT to growth.
• Chapter 4: Potential of ICT for Economic Growth in Developing Countries: This chapter focuses specifically on the potential of ICT to drive economic development in developing countries. It classifies developing countries, analyzes the current state of ICT adoption in these economies, and discusses the implications of ICT for the developing world.

Keywords

This paper explores the impact of Information and Communication Technologies (ICT) on economic growth in developing countries. Key focus areas include ICT investment, capital deepening, productivity growth, endogenous growth theory, technology transfer, human capital development, and institutional factors.