Information Economy Report 2007-2008

Science and Technology for Development - The New Paradigm of ICT

image of Information Economy Report 2007-2008

The world economy is increasingly driven by technological innovations. UNCTAD’s Information Economy Report 2007-2008 analyses the current and potential contributions of information and communications technology (ICT) to knowledge creation and diffusion. It looks at how developing countries use technology to generate innovations that improve the livelihoods of the poor and support enterprise competitiveness. It also examines the impact of ICTs on productivity and growth, international trade and employment in developing countries.



E-banking and e-payments: implications for developing and transition economies

In its E-Commerce and Development Report (the predecessor of the Report) in the years 2000 and 2001 UNCTAD made one of the first attempts to define electronic banking (e-banking) and electronic payments (e-payments) and to assess the future of this new, even for developed conuntries, stage in the development in finance (UNCTAD, 2000, 2001). By looking at the state of the art in e-banking and e-payments at the time, it tried to understand the prospects for their dissemination worldwide, and especially their implications for international financial flows and financial systems in developing and transition economies. The main focus was on the analysis of the Internet or online banking and payments arrangements created by banks and related entities. Since the beginning of this decade e-banking and e-payments have grown repidly and become widespread financial services not only in developed economies, but also in many developing and transition economies. The customer base for those services is experiencing double-digit growth, particularly in many dynamically growing developing countries.


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