@article{MAKHILLTSS20138622472,
    title = {The Effects of Information Technology on Global Economy},
    journal = {The Social Sciences},
    volume = {8},
    number = {6},
    pages = {606-609},
    year = {2013},
    issn = {1818-5800},
    doi = {sscience.2013.606.609},
    url = {https://makhillpublications.co/view-article.php?issn=1818-5800&doi=sscience.2013.606.609},
    author = {Ukwandu Elochukwu and},
    keywords = {Information technology,economy,productivity,knowledge economy,digital economy},
    abstract = {The effects of information technology in every facet of human 
  endeavour have become very tremendous as information technology tool keep redefining 
  and restructuring society. It is, therefore obvious that its impact on the global 
  economy is tremendous as it has redefined world economic concept. The impact 
  of industrial revolution and many previous technologies cannot be compared to 
  that of information technology revolution. The major aim of this study is not 
  just to eulogise the great effects of information technology on world economy 
  but to also bring to the fore the attendant divide the use and access to the 
  tool is creating between less developed and developing communities, nations 
  and continents. In order to achieve this objective, researchers did review the 
  various testimonies about the impact of information technology in different 
  human endeavours and by extension world economy. The data used are basically 
  secondary data with which researchers surveyed, narrated, explained and drew 
  inferences. The result shows that apart from the digital divide that exists 
  between the technologically advanced and technological less advanced, information 
  technology is a great enabler of development and therefore has impacted positively 
  to world economy through increase in productivity, educational advancement and 
  access, community development, creation of empowerment and enhanced economic 
  growth.}
    }