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Abstract

The rapid and far-reaching advancements in microelectronics-based information technology are fundamentally reshaping the global economic landscape, redefining the competitive advantages of nations, interconnecting disparate enterprises, and globalizing financial services, while simultaneously presenting both novel challenges and transformative opportunities for the development of the world’s poorest countries. This technological shift has radically altered the costs associated with information acquisition, processing, and communication, leading to the emergence of "Informationism"—also referred to as the Information Space or Cyberspace—which encompasses a supply side consisting of hardware, telecommunications infrastructure, software, and electronics-based industries, and a demand side comprising applications across various sectors such as economic decision-making, management systems, electronic publishing, and industrial automation. Despite this potential, the core research problem lies in the persistent and widening gap between the promises of the "Information Revolution" and its actual adoption and diffusion within developing countries, a disparity that continues to impede the pace of sustainable development in these regions.

DOI

10.33095/jeas.v14i52.1425

Subject Area

Economics

First Page

178

Last Page

196

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