Monday, June 2, 2014

Raising European Productivity Growth Through ICT

Report (via ITIF)
After converging with the U.S. for over 40 years, since 1995 Europe has fallen farther and farther behind in productivity. This report discusses how lower rates of information and communication technology (ICT) investment by companies in Europe have played a key role in this dynamic, and analyzes the factors driving it. In particular, over-regulation in areas like the labor market and IT (e.g. privacy) and a desire to grow Europe's IT industry through such ill-advised policies as supporting a "European Cloud", hurt, not help, broad-based adoption of ICT. To get growth back on track, Europe needs to focus not on growing IT companies, but on policies that encourage ICT adoption throughout the entire economy.

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