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Article: Information technology and economic growth in Canada and the U.S.: information and communication technology was the largest contributor to growth within capital services for both Canada and the United States during the late 1990s, but the contribution of this capital asset in Canada was lower than that in the United States. (Canada-U.S. Economic Growth).
- Article from:
- Monthly Labor Review
- Article date:
- October 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 U.S. Bureau of Labor Statistics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Information and communication technology (ICT) equipment appears to be almost everywhere--in the office, on the factory floor, in the classroom, at home, and, even in people's pockets. By all accounts, ICT appears to be rapidly changing the way many enterprises conduct business and communicate. The proliferation of ICT has made the world seem much smaller, as computer-related innovations, such as the Interact, let individuals on opposite sides of the world interact in ways that were unimagined 20 years ago.
The explosion of ICT spending over the last few decades has sparked renewed interest in the role of investment and capital accumulation as sources of economic ...