Monday, March 31, 2014

ITIF: Fact of the Week: U.S. Efficiently Leverages ICT Capital Per Worker

From ITIF:


The United States leverages seven times more information and communications technology (ICT) capital per worker than China.


The Linked World: How ICT Is Transforming Societies, Cultures and Economies, Fundación Telefónica, 2011


While ICT production--- that is, a country's enterprises and industries producing ICT products and services--- is important, how a country uses and applies ICTs to boost the productivity and innovation potential of all citizens, employees, and organizations in its economy is even more important. That's because ICT is "super capital" that has a much larger impact on productivity than other forms of capital. It's why ICT workers are three to five times more productive than non-ICT workers. As China pursues its goal of becoming a more innovative economy, one of the best ways it can realize that objective is through empowering its students, citizens, and workers with investments in more and better ICT tools and skills.

Related Materials:

Forced Localization Policies Threaten Global Trade in Innovative Industries

ICT R&D Policies: An International Perspective

ICT & Innovation: Facing the Global Challenges

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