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Information economy

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Definition Edit

General Edit

Information economy is a term that characterizes an economy with an increased emphasis on informational activities and the information industry.

United Kingdom Edit

The information economy is

the part of the economy where digital technologies and information combine to drive productivity and create new growth opportunities across the whole economy.[1]

Overview Edit

There is no agreed-upon rule regarding the threshold of when an economy is an information economy and when it is not. This is partly due to the fact that research has been focused on various "increases" in informational activities, rather than the level it has achieved. It is rare to see research seriously discussing whether a certain level of "informatization" in an economy is enough to label it as information economy.

References Edit

  1. UK Government Information Economy Strategy: A Call for Views and Evidence, at 5.

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