Conclusion of Information and Communication Technology

The word has become a globalized and digitalized hub where all the countries around the world are connected with each other. The advancement of technology has abolished the physical bounties between the nations and continents. Likewise, the national economies have also become a part of single economic system called global economy. In such situation every country has to deal and compete with other countries of the world. Therefore, in order to compete in this digitalized and competitive world it is important for every country to achieve sustainable economic growth.

In this regard, effective implementation of Information Communication Technology has positive relation with the economic growth and development. ICT ensure the growth and development on State, industrial and organizational level. In the emerging Asia, the correlation between ICT and economic growth has evident, as those countries that have adapted and implemented the technological advancement has achieved considerable growth in the past few years. In this regard, China, India and Singapore are the most prominent countries in Asia that have achieved sustainable economic growth by embracing the Information Communication Technology.

Learning forms these countries other developing countries should also go for economic transformation through ICT. In this way these underdeveloped countries can also achieve increased productivity, improved life standard and sustainable growth of national economy.  Although the adaptation of Information Communication Technologies seems difficult and challenging for the other developing countries but in this every changing world of digitalization it has become integral for these countries to embrace technological integration in order to compete with the other economies of the world.

References of Information and Communication Technology

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Bloom, N. e. (2014). The distinct effects of information technology and communication technology on firm organization. Management Science, 60(12), 2859-2885.

Dedrick, J. V. (2003). Information technology and economic performance: A critical review of the empirical evidence. ACM Computing Surveys, 35(1), 1-28.

Oliner, S. D. (2000). The resurgence of growth in the late 1990s: is information technology the story? Journal of economic perspectives, 14(4), 3-22.

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