Asian Science Citation Index is committed to provide an authoritative, trusted and significant information by the coverage of the most important and influential journals to meet the needs of the global scientific community.  
ASCI Database
308-Lasani Town,
Sargodha Road,
Faisalabad, Pakistan
Fax: +92-41-8815544
Contact Via Web
Suggest a Journal
The Social Sciences
Year: 2013  |  Volume: 8  |  Issue: 6  |  Page No.: 606 - 609

The Effects of Information Technology on Global Economy

Ukwandu Elochukwu Anthony and Nnamocha Patrick    

Abstract: The effects of information technology in every facet of human endeavour have become very tremendous as information technology tool keep redefining and restructuring society. It is, therefore obvious that its impact on the global economy is tremendous as it has redefined world economic concept. The impact of industrial revolution and many previous technologies cannot be compared to that of information technology revolution. The major aim of this study is not just to eulogise the great effects of information technology on world economy but to also bring to the fore the attendant divide the use and access to the tool is creating between less developed and developing communities, nations and continents. In order to achieve this objective, researchers did review the various testimonies about the impact of information technology in different human endeavours and by extension world economy. The data used are basically secondary data with which researchers surveyed, narrated, explained and drew inferences. The result shows that apart from the digital divide that exists between the technologically advanced and technological less advanced, information technology is a great enabler of development and therefore has impacted positively to world economy through increase in productivity, educational advancement and access, community development, creation of empowerment and enhanced economic growth.

Fulltext    |   Related Articles   |   Back
   
 
 
 
  Related Articles

 
 
 
 
 
 
 
 
Copyright   |   Desclaimer   |    Privacy Policy   |   Browsers   |   Accessibility