OECD: IMPACT OF INTERNET ON ECONOMY
Article Abstract:
Growth trends in the US, the Netherlands, Denmark, Australia and Norway improved during the 1990s compared with the previous decade and investment and innovation in new technologies such as the Internet has helped contribute to this, according to the Paris-based Organisation for Economic Co-operation & Development (OECD). Economists involved in the Growth Project established by the OECD, which exists on behalf of the 29 wealthiest nations, have noted changes in the links between growth, innovation and technical advancement. The Internet's impact on growth will confirm the feelings of those claiming that a New Economy has emerged and the OECD report is regarded as the first formal seal of approval regarding this belief. The Growth Project now plans to examine what policies can be brought in to allow countries to capitalise on Internet-related opportunities.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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OECD: TECHNOLOGY INVESTMENTS BY G7 COUNTRIES
Article Abstract:
A paper recently published by the Organisation for Economic Co-operation and Development (OECD) attempts to analyse the efficiency with which the Group of Seven countries have utilised information and communication technologies. In particular it looks at the effectiveness of the combined use of both old and new technologies by the US. The study of multi-factor productivity growth leads to the conclusion that the US has adapted best to the replacement of new technology capital for old capital and labour, with rapid investment in computers and information technology. Canada and the UK have also performed well in this regard. The contribution of new technologies to the remaining G7 countries has been far lower.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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US: UNEMPLOYMENT FIGURES SHOW IMPROVEMENT
Article Abstract:
Unemployment in the US fell by 24,000 during last week when analysts had been predicting a rise of 7,000. This has damaged hopes that the runaway American economy may be slowing down. A separate report showed that GDP was growing faster than previously thought. In the second quarter GDP grew by 5.6%, revised up from 5.3%. A tighter labour market may put pressure on the Federal Reserve to raise interest rates.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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