The Internet and Economic Growth in Least Developed Countries: A Case of Managing Expectations?

Charles Kenny

No DP2002-75, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: A discussion of the theory of technology and economic growth suggests potentially negative implications for the impact of the Internet on developing countries. Technology in general is undoubtedly central to the growth process, but economists define technology in very broad terms. The impact of any particular, invented, technology is likely to be small. This theoretical perspective is supported by the empirical evidence regarding the limited impact of past 'information revolutions' on least developed countries (LDCs) and the present impact of the Internet on advanced economies.

Keywords: Capital; Economic development; Economic forecasting; Information technology; Internet (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (3)

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