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IT-Analysis: Official: Internet is causing economic growth in nations

Feb 29, 2000, 15:47 (0 Talkback[s])
(Other stories by Jack of Hearts)

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"It's official, the Internet economy is not all hype. The Organisation for Economic Cooperation and Development (OECD) has demonstrated that the Internet preachings of the hi-tech glitterati does, believe it or not, have some substance. The organisation has completed a research study that has apparently shown that the Internet does have the potential to increase the potential growth of some countries across the world."

"The OECD, which is basically a think-tank for many of the worlds largest and most powerful countries, has found that countries like the US, UK, Australia and Denmark have all witnessed considerable improvements in their growth potential since the 90's and the web revolution took hold."

"Of particular note by the OECD was the level of technology investment, which has increased the rate of growth across the range. This has led the organisation to conclude that the relationship between the core functions of the new economy, technology, innovation and growth, has literally led to a boom for many countries."

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