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Information and Communications Technologies (ICT)

How ICT Can Restore Lagging European Productivity Growth

Date of Editorial Board meeting: 
Publication date: 
Monday, October 15, 2018
Abstract in English: 
Notwithstanding the emergence of artificial intelligence (AI), robotics, and the Internet of Things (IOT), European productivity growth has slowed, and continues to lag U.S. growth.1 Since the financial crisis, labor productivity in the 28 EU member states has grown just 0.7 percent annually. At this rate, it will take a century for Europe’s per capita incomes to double. No wonder there is political unrest across the continent. And while Europe decreased the productivity gap with the United States before 1995, since then, the gap has only widened. Reversing that trend is critical if Europe is going to be able to effectively cope with its demographic challenges, particularly a rapidly aging population, and be able to more effectively compete in global markets. To do that it needs more ubiquitous use—as distinct from production—of information and communication technologies (ICTs) by all organizations (for-profit, nonprofit, and government) throughout all of Europe.
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63
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How Canada, the EU, and the U.S. Can Work Together to Promote ICT Development and Use

Date of Editorial Board meeting: 
Publication date: 
Friday, June 15, 2018
Abstract in English: 
Governments in Europe and North America want to harness information and communications technology (ICT) to boost productivity and innovation, but uncoordinated strategies and incompatible regulations make it difficult for them to benefit fully from the mutual gains that would come from greater transatlantic cooperation in the development and use of ICT. This report analyzes key policies shaping ICT innovation in Canada, the European Union, and the United States, and identifies opportunities for policymakers to ensure policies maximize productivity and innovation.
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59
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New technologies and 21st century children - Recent trends and outcomes

Date of Editorial Board meeting: 
Publication date: 
Monday, September 17, 2018
Abstract in English: 
This paper provides a synthesis of the literature on and recent trends in new technologies and its effect on 21st century children (0-18 years old). It begins by providing an overview of recent trends in the access and use of new technologies as well as a summary of online opportunities and risks. It then explores a variety of factors, including economic, social and cultural status which underlie these trends and lead to online and offline inequalities. Building digital resilience is an important skill for 21st century children. Effective strategies to accomplish this include encouragement of active rather than passive Internet use, e-safety in the school curriculum, and teacher and parental Information and Communication Technology (ICT) support. A focus on younger children (primary school or younger) and the effects of new emerging technologies would be helpful for future research.
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61
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Global Trendometer - Essays on medium- and long-term global trends

Date of Editorial Board meeting: 
Publication date: 
Tuesday, July 17, 2018
Abstract in English: 
The EU faces challenges from the outside and the inside. Most of those are the symptoms of big underlying trends, and handling them needs foresight. The Global Trendometer tries to provide foresight for decision makers in the EU by analysing the changes in these long-term trends. This publication does not offer answers or make recommendations. It presents summarised information derived from a range of carefully selected sources. This issue of the Global Trendometer analyses long-term trends on India, the labour-share of income, and democracy and artificial intelligence. It also features two-pagers on geoengineering, remittances, food security in China, economic waves, the US after Trump, public procurement and deep fakes.
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56
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The Global Information Technology Report 2016

Date of Editorial Board meeting: 
Publication date: 
Wednesday, July 6, 2016
Abstract in English: 
Finland, Switzerland, Sweden, Israel, Singapore, the Netherlands and the United States are leading the world when it comes to generating economic impact from investments in information and communications technologies (ICT), according to the World Economic Forum’s Global Information Technology Report 2016.

On average, this group of high-achieving economies at the pinnacle of the report’s Networked Readiness Index (NRI) economic impact pillar scores 33% higher than other advanced economies and 100% more than emerging and developing economies. The seven are all known for being early and enthusiastic adopters of ICT and their emergence is significant as it demonstrates that adoption of ICTs – coupled with a supportive enabling environment characterized by sound regulation, quality infrastructure and ready skills supply among other factors – can pave the way to wider benefits.
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306
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Digital globalization: The new era of global flows

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Publication date: 
Monday, February 15, 2016
Abstract in English: 
Conventional wisdom says that globalization has stalled. But although the global goods trade has flattened and cross-border capital flows have declined sharply since 2008, globalization is not heading into reverse. Rather, it is entering a new phase defined by soaring flows of data and information.
Remarkably, digital flows—which were practically nonexistent just 15 years ago—now exert a larger impact on GDP growth than the centuries-old trade in goods, according to a new McKinsey Global Institute (MGI) report, Digital globalization: The new era of global flows. And although this shift makes it possible for companies to reach international markets with less capital-intensive business models, it poses new risks and policy challenges as well.
The world is more connected than ever, but the nature of its connections has changed in a fundamental way. The amount of cross-border bandwidth that is used has grown 45 times larger since 2005. It is projected to increase by an additional nine times over the next five years as flows of information, searches, communication, video, transactions, and intracompany traffic continue to surge. In addition to transmitting valuable streams of information and ideas in their own right, data flows enable the movement of goods, services, finance, and people. Virtually every type of cross-border transaction now has a digital component.
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156
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Risk Nexus - Overcome by cyber risks? Economic benefits and costs of alternate cyber futures

Date of Editorial Board meeting: 
Publication date: 
Thursday, September 10, 2015
Abstract in English: 
In 2030, will the Internet and related information and communications technologies (ICT) continue to drive global innovation and prosperity? Or, will that bright promise be swamped by an unstable and insecure Internet, so overwhelmed by non-stop attacks that it has become an increasing drag on economic growth? The answers, as far as we can predict, are not promising and mean the difference in tens of trillions of dollars in global economic growth over the next fifteen years.
So far, cyberspace has been safe enough, secure enough, and resilient enough for the past decades to re-invent nearly every industry, create a ’hyperconnected world,’ and transform the global economy.
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40
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