John Timmer at Ars Technica writes an article reporting a study by some economists assigning to high tech adoption a primary role in GDP growth (full article at http://arstechnica.com/tech-policy/news/2009/09/high-tech-adoption-happening-faster-driving-economic-growth.ars, original study at http://www.hbs.edu/research/pdf/08-093.pdf).
I think is real that high tech adoption has a stimulus role within growth in a nation. Seems to me quite simple to understand this because I see technology and high tech as something “infrastructural” in the sense of something that is a facilitator in accellerating growth.
I ask my self another point that is which is the level where this “facilitator” effects stops or slows down: I can understand the effect if we are talking of no (or less) technologized countries where the accelleration effect of technology is disruptive; but in my opinion in a modern and fully alligned (on a tech point of view) country, tech is a facilitator only if is a real breakthrough (such as introdiuction of iphone or Wimax).
This post as a comment also at http://digg.com/business_finance/High_tech_adoption_happening_faster_driving_economic_growth
How I see the world 