Technology

The Technology Revolution
"It’s an E-World, After All"

Introduction: The Role of Technology in the Global Economy

The revolution in Information and Communication Technology (ICT) has had an unprecedented impact on the global economy. Technology has provided the means for government, business, and individuals to harness the vast opportunities presented by, and to participate more meaningfully in, globalization. "Rapid growth in the Internet, thriving e-commerce and many other changes" present new and exciting ways for developed and developing economies to achieve increased growth, conduct trade, and realize a higher standard of living (Source: Joint Statement of 12th APEC Ministerial Meeting). The revolution in ICT presents a "new style of economy with new forms of markets, higher levels of productivity and new demands for knowledge, entrepreneurship and innovation".

(Source: Leaders’ Declaration – Brunei Darussalam).

 
Ross Shimmon of United Nations Educational, Scientific and Cultural Organization (UNESCO) affirms "that advancing Information and Communications Technologies (ICT) are revolutionizing our lives, our ways of working, our interaction with government and other authorities and our leisure." Leading organizations such as APEC have taken on the increasingly important and expanding role of acting as a "catalyst for the necessary policy frameworks that would enable" economies to maximize the potential benefits of these new opportunities

Understanding the role of technology and being able to employ its applications is critical in keeping up with and succeeding in the New Global Economy. Explore this section to learn more about the many issues surrounding the utilization of ICT and how it affects business, government, and you.

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