Impact of ICT on the Economic growth of Asia in 21st century

            The growth of Asian countries in the 21^st century is based in on the fact the how effectively and efficiently the ICT has been implemented on the state, industrial or organizational level. The IT and technological advancement has considerably improved the level of productivity and proficiency. Governments are using centralized information system to ensure the best interest of the people. Organizations have aligned the organizational strategies with the improved technological competencies of the firm that results in improved productivity and improved quality of the products (Bloom, 2014).

        In the developing countries ICT has enabled the companies to achieve workforce diversification by establishing Virtual teams (Shachaf, 2008). In this way, the developing countries are sharing the knowledge, information and expertise of professional working in developed countries.  ICT has also increased the competencies of the people in the developing countries. However, along with all these advantages and benefits some draw back are also associated with the ICT advancement. Easy access to internet and abundant information had also increased the rate of cyber-attacks and data-breaches in the developing countries. Therefore, Cyber security and data privacy has become big concern for the developing countries.

References of ICT on the Economic growth of Asia in 21^st century

Bloom, Nicholas, et al. 2014. "The distinct effects of information technology and communication technology on firm organization." Management Science 60 (12): 2859-2885.

Shachaf, Pnina. 2008. "Cultural diversity and information and communication technology impacts on global virtual teams: An exploratory study." Information & Management 45 (2): 131-142.