【Fred Hu、Michael Spence】The Long Term Impact of Digital Technology on Growth, Development and Prosperity

Perceptions of the digital economy have shifted dramatically in the past decade. Ten years ago, digital technology was perceived as a sector of the economy and a set of novel services, and markets. Today, and looking forward, it is viewed as a key part of the foundation of the entire economy. And this is true for a full range of economies, from lower income, to middle income and developed economies.

Digital technology is also viewed as a key element in defense and national security. This agenda then intersects economic and social agendas and creates tensions both within countries and across national boundaries with respect to trade, investment, knowledge transfer and technology.

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