The new economy has invited a new industry that is effervescent, and the industries of information and communications technology (ICT) include information technology, electronics and telecommunication. It also indicates a new way of understanding the economy as a whole. Indeed, the deployment of information industries and telecommunications involves the release of a new productive model for the entire economy.
To characterize this transformation, we can talk of a third industrial revolution based on information technologies and social innovations that combines new ways of organizing work. Initially, we'll look at the information and telecommunications sectors that can contribute to economic growth and in the second step; we define the development of the new economy without obstacles.
Until very recently, it was virtually impossible to infer a significant effect of computerization on economic growth and more specifically, on labor productivity. In 1987, Solow had written, "We see computers everywhere except in the statistics." Today, the U.S. situation shows that this paradox has been lifted and proves that the Information Technologies and Communications have an important role in the economy. In 1998, the technology sector accounted for 8.2% of U.S. GDP and 4% of employment.
From 1995 to 1999, the growth across United States has been an exceptionally fast rate and has continued to accelerate during this period and increased by 4% per year on an average. The U.S. economy has long been interpreted as a cyclical upturn benefiting from a virtuous circle where growth generates income, investment opportunities and productivity gains that combine to create a self-perpetuating phenomenon. In this usual cycle, a number of favorable factors were added.
Firstly, the global recession has lowered the prices of raw materials. In addition, the dollar was strong, and the prices of imported goods fell by 10% between 1996 and 1999. But the evolution of labor productivity is even more striking. It has increased by 2.66% per annum over the period from 1996-1999, nearly one point higher than during the period from 1991-1995 and two points higher than during the period 1975 - 1982.
This acceleration is explained partly by the use of Information Technologies and Communications and half by the increase in total factor productivity.
Tags: Information and communication technologies (ICT) sector. U.S. GDP
[...] "Today the American situation shows that this paradox has been lifted and demonstrated that Information Technology and Communications has a significant role in the economy. In 1998, the technology sector accounted for of U.S. GDP and of jobs.From 1995 to 1999, U.S. growth has experienced an exceptionally high and has continued to accelerate during this period increasing by per year on average. The U.S. growth has long been interpreted as a cyclical upturn enjoying a virtuous circle where growth generates income, investment opportunities and productivity gains which combine to create a self-perpetuating phenomenon. [...]
[...] As we saw earlier, Europe must acquire most of its investments in these technologies abroad (mainly U.S.). Despite the very rapid fall in prices that benefits users, countries less buyers could take advantage of new technologies that producer countries, which keep rents and accumulate experience. In the context of recovery which is developing in Europe, a major effort must be made not only in the dissemination and assimilation of new technologies, but also in R & D and production. Conclusion The increase of technical progress is through the study of the new economy, as the mainspring of the long-term growth. [...]
[...] The sector of Information Technologies and Communications had of jobs. The annual growth rate of employment in this sector is twice the rate observed in the whole economy. In the 90s there was a decrease in growth of labor productivity that rose by per year between 1975 and 1989 to between 1990 and 1998.This slowdown comes from the tertiary sector, which recorded no gain in technical progress between 1990 and 1998. The role of IT in French economic growth appears low of 0.2 to 0.3 points of growth only 0.9 points against the United States. [...]
[...] We will look at first how the information industries and telecommunications can contribute to economic growth and how the development of the new economy does not unfettered. I. The information technology and communication contribute to economic growth 1. The important role of information industries and telecommunications in the U.S. economy Until very recently it was virtually impossible to conclude a significant effect of computerization on economic growth and more specifically on labor productivity. Solow wrote in 1987, "we see computers everywhere except in the statistics. [...]
[...] The cumulative of Europe of the EU 15 between 90 and 97 reached $386 billion. While the major European countries are performing proportional to those of the United States in this area, they should establish an overall matching with the EU, invest more, given the size and diversity of the territory. The report also highlights the problem of European research for which it remains as a national compilation of research that are worth less than the sum of its individual components. [...]
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