OECD Information Technology Outlook 2008
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OECD Information Technology Outlook 2008

Information technology (IT) and broadband are major drivers of research, innovation, economic growth and social change. The 2008 edition of the OECD Information Technology Outlook analyses recent developments in the IT goods and services industries, and suggests that the outlook is for continued long-term growth, constrained by the currently very uncertain macroeconomic environment in OECD countries but with somewhat higher growth possible elsewhere.  

This edition analyses the impact of high-speed broadband on the economy, and areas of future impacts. The dynamic growth of digital-content-based creative industries is outlined, covering user-created content; online computer and video games; film, video and music; and online advertising.  Recent trends in OECD ICT policies are analysed to assess whether they are rising to these new challenges. Highly prioritised policy areas include investing in ICT R&D and innovation, improving government online activities, spreading broadband, increasing the use of ICTs, raising ICT skills and employment, and supporting digital content development.

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The outlook for the information and communications technology (ICT) sector is much less favourable than in recent years. With economic conditions deteriorating, recession in the OECD area and business and consumer confidence falling sharply, global projections for ICT spending have been revised sharply downwards. Macroeconomic forecasts, short-term cyclical output indicators and business and consumer activity show ICT growth in OECD countries to be slower in 2008 than in 2007 at around 4%. But growth has not yet collapsed as it did in 2001-02 with the ending of the ICT bubble, and so far it has remained somewhat stronger than OECD economies’ performance as a whole.
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