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Information and Communication Technology: Dynamics, Integration and Economic Stability

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50 Years of EU Economic Dynamics

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Abstract

The sector of information and communication technology (ICT) is a major driver of the economy in the 21st century. ICT represents a rising share of investment and R&D in OECD countries and thus is of particular relevance for growth and economic competitiveness. From a EU25 perspective, it also is crucial to note that the expansion of ICT is associated with the growth of a networked society in which the flow of information and technology on the one hand is accelerating; at the same time both ICT and digital networking facilitate international outsourcing and offshoring. Offshoring involves foreign direct investment while international outsourcing occurs through trade and arm’s length market transactions.

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Authors and Affiliations

  1. EIIW – European Institute for International Economic Relations, University of Wuppertal, Rainer-Gruenter-Straße 21, 42119, Wuppertal, Germany

    Paul J. J. Welfens

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  1. Paul J. J. Welfens
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Editors and Affiliations

  1. Institut für Wirtschafts- und Sozialgeschichte, University of Münster, Domplatz 20-22, 48143, Münster, Germany

    Richard Tilly

  2. Lehrstuhl für Makroökonomische Theorie und Polititk, EIIW at the University of Wuppertal, Gaußstraße 20, 42119, Wuppertal, Germany

    Paul J. J. Welfens

  3. Allianz Group, Gallusanlage 8, 60301, Frankfurt, Germany

    Michael Heise

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Welfens, P. (2007). Information and Communication Technology: Dynamics, Integration and Economic Stability. In: Tilly, R., Welfens, P., Heise, M. (eds) 50 Years of EU Economic Dynamics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-74055-1_10

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