Table of Contents

Information Communication Technology and Economic Development

Information Communication Technology and Economic Development

Learning from the Indian Experience

Edited by Tojo Thatchenkery and Roger R. Stough

Information Communication Technology and Economic Development reveals new insights regarding the complex process of globalization. It shows how the generation and circulation of intellectual capital in the US and India in ICT have led to greater productivity in the US while facilitating the economic development of India. Most industrialized nations now see the vast intellectual capital-based services that India provides at extremely competitive rates as key to their own national competitiveness in the global arena. The contributors’ findings suggest that India’s ICT-led growth will accelerate in the next ten years, launching India as a major global economic power next to the US and China.

Chapter 1: Introduction

Tojo Thatchenkery and Roger R. Stough

Subjects: development studies, development economics, economics and finance, development economics, innovation and technology, technology and ict


Tojo Thatchenkery and Roger R. Stough This book describes the technology-driven economic development of India. India’s development pattern over the last ten and a half years is distinctive when compared to other developing nations as it has become a highly visible participant in the intellectual capital-driven information technology (IT) services industry. Since the 1990s India has been one of the fastest growing economies in the world. A report authored by Goldman Sachs in 2003 (O’Neill et al., 2003) stated that by the year 2050, India will become the third largest economy in the world, behind China and the USA. The report predicts that India’s gross domestic product (GDP) will overtake that of Italy by 2015, France by 2020, Germany by 2025 and Japan by 2035. The reason why India’s development is different may stem from the nature of the information communication technology (ICT) industry and the freedom it has enjoyed from government regulation to develop this industry. ICT is the synthesis of computers, telecommunication/ communication technologies and databases enabled by digital electronics. This book examines how India developed its ICT capabilities and represents different perspectives on India’s development. For example, one chapter examines how India established critical linkages with the US ICT industry in the 1990s. That relationship is thought to have played a significant role in the rapid development of India’s ICT industry. Another chapter investigates India’s strategy to develop ICT companies in a particular sub-national region of India, Bangalore in the state of Karnataka, and shows how...