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What is the role of information technology in economic development?

What is the role of information technology in economic development?

Information technology approach in economic development of developing countries. Abstract: The role of knowledge is increasing in all areas from production to marketing, in the new economy. As a result, information itself becomes an economic action that can be produce purchase and sell.

What are the importance of ICT in Nigeria?

Exploring the key role of ICT in Nigeria, ICT is at the forefront in the bid to fight corruption, improve cyber security, explore economic diversification and enhance government productivity in Nigeria by contributing to monitoring and tracking information in real time, allowing better decision-making.

What do you know about ICT and economic growth?

According to some authors [8–15], ICT can influence economic growth through several significant channels, namely: the production of goods and services within the ICT sector directly contributes to the creation of value-added goods and services in the economy; the use of ICT goods and services as inputs in the …

How ICT can enhance national development?

ICT has helped in national development around the world by changing the way people live and work [7]. It has helped to link the world together by networking; people are able to interact with each other in real-time without having to travel from one end of the world to the other [7].

How does technology help the economy?

In economics, it is widely accepted that technology is the key driver of economic growth of countries, regions and cities. Technological progress allows for the more efficient production of more and better goods and services, which is what prosperity depends on.

What is the role of technology in development of a country?

Other ways that technology is helping economies in developing countries include reducing the costs of production, encouraging the growth of new business and advancing communication. It is important for organizations to monitor technology and to encourage innovations and job creation in order to solve these issues.

What are the benefits of ICT?

10+ Advantages of ICT in Education

  • Enhanced the modes of communication.
  • Cost-efficient.
  • Paperless: Eliminate the usage of paper.
  • Better teaching and learning methods.
  • Enhanced data and information security.
  • Minimize cost and save time.
  • Easy student management.
  • Automatic solutions to manual paper-based process and procedures.

What is the importance of ICT in our daily life?

It can improve the quality of human life because it can serve as a learning and educational media, mass media, and promote and promote practical and important issues such as health and social fields. It provides a broader range of knowledge that can help access and access information.

How does technology increase economic growth?

Technological development brings economic growth. Causing increased communication, easy and fast access to the new markets, increase in the marketing channels and company mergers, technological development made a positive impact to the economy.

What are the benefits of ICT in cultural?

1) ICT innovations enable a diversity of social applications. Some of them affect culture and/or knowledge. In principle, the benefits of ICT make it possible to carry out new cultural practices. For example, the internet gives people access to user-generated contents and tools that can be used and altered.

What is the role of ICT in development?

ICTs promote development across many dimensions. At their most fundamental level, ICTs enable organizations to be more productive, thereby spurring economic growth and helping firms be more competitive. Public-sector uptake of ICTs is also making governments more efficient and their decision-making more transparent.

What are the advantages of using ICT?


  • E-learning or Online Learning.
  • ICT brings inclusion.
  • ICT promotes higher-order thinking skills.
  • ICT enhances subject learning.
  • ICT use develops ICT literacy and ICT Capability.
  • ICT use encourages collaboration.
  • ICT use motivates learning.
  • ICT in education improves engagement and knowledge retention.