At the Lisbon European Council meeting (2000), the European Union declared a new strategic goal: “to become the most competitive and dynamic knowledge based economy in the world capable of sustainable economic growth with more and better jobs and greater social cohesion”. The aim is to advance Europe further towards a new, digital economy.
But, since the inception of the information age, debates have ensued re: the relationship between information and communication technology and economic growth. Often fuelling this debate is the productivity growth differentials between the European Union and the United States of America, particularly during the 1990s and early 2000s.
As part of a college assignment, I wrote the following report to discuss the contribution of ICT sector technological change to the economic growth of the EU and USA.Take a look if you wish… The Economics of IT