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This paper investigates the simultaneous causal relationship between investments in information and communication technology (ICT) and flows of foreign direct investment (FDI), with reference to its implications on economic growth. For the empirical analysis we use data from 23 major countries with heterogeneous economic development for the period 1976-99. Our causality test results suggest that there is a causal relationship from ICT to FDI in developed countries, which means that a higher level of ICT investment leads to an increase inflow of FDI. ICT may contribute to economic growth indirectly by attracting more FDI. Contrarily, we could not find significant causality from ICT to FDI in developing countries. Instead, we have partial evidence of opposite causality relationship: the inflow of FDI causes further increases in ICT investment and production capacity.
This book focuses on the contribution of Information Technology (IT) and Information Technology Enabled Services (ITES) in shaping the current and future global economic scenario, with a special focus on Asia, and taking into account the three broad macroeconomic dimensions — growth, sustainability and governance mechanisms. The last two decades have witnessed a structural shift in the world economy due to the tremendous growth in gross domestic product share for the service sector; in fact, service has emerged as the dominant sector and the main driver of GDP growth. This is mainly attributable to the spectacular success of the IT sector in the new knowledge economy. Tradability, technology and transportability – the three T’s – govern productivity growth in today’s services. Growing Asian economies such as India, China and Vietnam, using their demographic advantages, have been reaping the benefits of this boom. The book’s content focuses on recent debates and discussions concerning the issue of long-term sustainability and governance, especially in India, as these companies are facing continuous challenges in terms of international competition, salary inflation, health hazards, scarcity of talent, employee attrition, security concerns, global slowdown and many other technology-related issues. The book further highlights how the increased application of IT-based products and services is resulting in harsh inequalities concerning income distribution in many developing countries of Asia, mainly because of its labor shedding nature, and hence might be detrimental to sustainable development, if suitable policy measures are not implemented to counter these effects. The book provides a wealth of information for researchers, graduate students and political scientists alike, as well as thought-provoking insights for social scientists, policymakers and government officials. It also offers a valuable source of data for business and management professionals, and for members of Chambers of Commerce and Industry.
"This book offers perspectives on international information management with particular emphasis on the strategies for the implementation and application of information technology in developed and developing countries"--Provided by publisher.
This book discusses the impact of information and communication technologies (ICTs) on organizations and on society as a whole. Specifically, it examines how such technologies improve our life and work, making them more inclusive through smart enterprises. The book focuses on how actors understand Industry 4.0 as well as the potential of ICTs to support organizational and societal activities, and how they adopt and adapt these technologies to achieve their goals. Gathering papers from various areas of organizational strategy, such as new business models, competitive strategies and knowledge management, the book covers a number of topics, including how innovative technologies improve the life of the individuals, organizations, and societies; how social media can drive fundamental business changes, as their innovative nature allows for interactive communication between customers and businesses; and how developing countries can use these technologies in an innovative way. It also explores the impact of organizations on society through sustainable development and social responsibility, and how ICTs use social media networks in the process of value co-creation, addressing these issues from both private and public sector perspectives and on national and international levels, mainly in the context of technology innovations.
This book analyses the impact of Information and Communication Technologies (ICTs) on economic development. It contains theoretical and empirical studies, including panel studies on various issues facing developing countries, such as education, corruption, economic growth, government expenditure, financial inclusion, foreign direct investment, infrastructure, economic and social welfare, and inequality. Each chapter offers a well-conceived analysis of the most recent trends in both theory and empirics and addresses numerous policy implications related to the different aspects dealt with in the volume. Overall, this book will be an excellent guide for global graduate students at the Master and PhD levels, as well as academics researching various issues related to economic development while analyzing the role of ICTs. It also addresses numerous policy implications related to economic development for policymakers, investors and stakeholders.
Today, international investment law consists of a network of multifaceted, multilayered international treaties that, in one way or another, involve virtually every country of the world. The evolution of this network continues, raising a host of issues regarding international investment law and policy, especially in the area of international investment disputes. This Yearbook monitors current developments in international investment law and policy, focusing (in Part One) on trends in foreign direct investment (FDI), international investment agreements, and investment disputes, with a special look at developments in the oil and gas sector. Part Two, then, looks at central issues in the contemporary discussions on international investment law and policy. With contributions by leading experts in the field, this title provides timely, authoritative information on FDI that can be used by a wide audience, including practitioners, academics, researchers, and policy makers.
By now, it is commonly accepted that investments in information and communication technologies (ICTs) can facilitate macroeconomic growth in developed countries. Research standards in ICT for development (ICT4D) are high, and it is a basic expectation that a theoretically sound conceptual investigation should yield actionable results. An additional expectation is that an on-the-ground study conducted in each setting should add to the common body of knowledge based on theory. In other words, one is expected to make a connection between the world of concepts and the world of reality. Middle-range theories and frameworks could help connect the case studies with grand theories, by helping to create a theoretically sound and practically applicable research architecture of ICT4D. This book demonstrates how creative use of various data analysis methods (e.g., data mining [DM], data envelopment analysis [DEA], and structural equation modeling [SEM]) and conceptual frameworks (e.g., neoclassical growth accounting, chaos and complexity theories) may be utilized for inductive and deductive purposes to develop and to test, in step-by-step fashion, theoretically sound frameworks for a large subset of ICT4D research questions. Specifically, this book showcases the utilization of DM, DEA, and SEM for the following purposes: Identification of the relevant context-specific constructs (inductive application) Identification of the relationships between the constructs (inductive application) Development of a framework incorporating the constructs and relationships discovered (inductive application) Testing of the constructed framework (deductive application) The book takes a multi-theoretical perspective to economic development research. It starts with an overview of ICT4D. Next it covers such frameworks and theories as neoclassical growth accounting and the theory of complementarity, complex systems and chaos theories, and the product life cycle (PLC) theory. There are also nontechnical overviews of the DM and data analytic methods that can be used in this research. Also presented is evidence that human capital and investment capital are complementary and are reliable sources of economic growth. The book concludes with methodological frameworks to guide investment decisions and the formulation of strategic policy.
Development economics is a branch of economics which largely deals with the economic aspects of the development process in developing countries with a focus on methods of promoting economic growth while also dealing "with the economic, social, political and institutional mechanisms, both public and private, necessary to bring about rapid...and large-scale improvements in levels of living for the peoples" living in developing countries. This new book presents the latest research in this growing field.
Adaptation of applied information and communication technologies (ICT) research results is one of the greatest challenges faced in building the global knowledge economy. This set of two books brings together a collection of contributions on commercial, government or societal exploitation of applied ICT.