Leveraging ICTs to Bolster European Productivity and Economic Growth

October 3, 2014

While most economists and pundits focus on Europe’s lag in ICT-producing industries, the greater concern is how much the Continent trails the United States in ICT usage and adoption. This is because, at the economy level, more than 80 percent of the benefits of technology come from its consumption, while just 20 percent come from its production. In fact, a major reason why European productivity levels trail those of the United States is that European enterprises, governments, and other organizations trail their American counterparts in ICT investment, usage, and adoption.