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Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

ICT Investments and Recovery of Troubled Economies

ICT Investments and Recovery of Troubled Economies
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Author(s): Ioannis Papadopoulos (Metropolitan College Thessaloniki, Greece) and Apostolos Syropoulos (Greek Molecular Computing Group, Greece)
Copyright: 2018
Pages: 8
Source title: Encyclopedia of Information Science and Technology, Fourth Edition
Source Author(s)/Editor(s): Mehdi Khosrow-Pour, D.B.A. (Information Resources Management Association, USA)
DOI: 10.4018/978-1-5225-2255-3.ch203

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Abstract

The economy of any country can thrive, decline or remain steady. A declining economy is a troubled one and it is necessary to find ways to reverse its course. Naturally, there is no single recipe to put a troubled economy back on track but innovation and technology always help an economy to boost itself. In particular, information and computer technology (ICT) and innovations are very relevant today since almost everything (people, companies, products, etc.) have a digital identity. Thus, investing in ICT can help a troubled economy to recover. More specifically, countries with deep fundamental problems like Greece can be benefited by a wide adoption of ICT.

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