THE ROLE OF ICT IN A DEPRESSED ECONOMY
CHAPTER ONE
INTRODUCTION
1.1 Background To The Study
Depression is defined as a severe and prolonged recession. A recession is a situation of declining economic activity. Declining economic activity is characterized by falling output and employment levels. Generally, when an economy continues to suffer recession for two or more quarters, it is called depression. The level of productivity in an economy falls significantly during a depression. Both the GDP (gross domestic product) and GNP (gross national product) show a negative growth along with greater business failures and unemployment. Many Developing countries have seen the need for the adoption of ICT and the planned implementation of national ICT strategy as a significant component in the success of ICT efforts to foster rapid national development through greater productivity. The term ICT refers to Information and communication technology which consist of electronic technologies which facilitate access to information such as the Internet, wireless networks, and cellular phones (WEF, 2012).The effective adoptions of ICT enable the governments to propel rapid productivity gains through different economic sectors in the nation. The governments now view Information and communication technologies as a strategy to enhance rapid national development through ICT-driven productivity gains (Masanet & Matthews, 2010).Consequently the coordinated effort of government is required in this direction to adopt and implement a robust and integrated ICT platform for an effective system of service delivery. (IDB, 2009). It is important to note that Nigeria requires an integrated ICT agenda to sustain its national developmental expectations (WEF, 2012). The benefits of ICT adoption permeats public sector workplace productivity (Masanet & Matthews, 2010). Public sector workplace productivity therefore impacts on business efficiencies resulting in resource efficiency, enhanced customer interface, cost control mechanisms, energy savings, and reducing negative environmental effects through using ICT applications (Masanet & Matthews, 2010).Borisov and Barbulescu (2012) postulated the adoption of the term electronic government which he stated consist of ICT tools and systems which is used to access and efficiently deliver public services to all stakeholders . (Bannister & Wilson, 2011).The adoption of ICT has facilitated easy access and interaction between government and its citizens .Also the development of mobile technologies, new web browsers, social media applications and sites, has provided the government with new tools to enhance the needs of e-government, which facilitate the development of an efficient system to manage public services geared at improving public’s confidence in government services (Borisov & Barbulescu, 2012).The research seek to investigate the role of ICT in a depressed Economy.
1.2 Statement of the Problem
The advent of ICT has played significant role in the development of the economy of great nations. This is because of the importance and implementation of ICT strategy in different sector of the economy. However many developing countries are yet to fully adopt and implement ICT as a significant strategy to national development. The current factor of depression in Nigeria and other developing economy provide an opportunity for the implementation of ICT strategy for the development of the nation. During depression the level of productivity in an economy falls significantly. Both the GDP (gross domestic product) and GNP (gross national product) show a negative growth along with greater business failures and unemployment. Consequently it is believed that the adoption of ICT and the planned implementation of national ICT strategy as a significant component in the success of ICT efforts to foster rapid national development through greater productivity. The term ICT refers to Information and communication technology which consist of electronic technologies which facilitate access to information such as the Internet, wireless networks, and cellular phones (WEF, 2012).The effective adoptions of ICT enable the governments to propel rapid productivity gains through different economic sectors in the nation. The need for the adoption of ICT and the planned implementation of national ICT strategy as a significant component in the success of ICT efforts to foster rapid national development through greater productivity cannot be over emphasized. The problem confronting the research is to proffer and appraisal of the role of ICT in a depressed Economy.
1.3 Objectives of the Study
To determine the role of ICT in a depressed Economy.
1.4 Research Questions
What is the nature of a depressed economy?
What is the role of ICT in a depressed Economy?
1.5 Significance of the Study
The study shall proffer an appraisal of the role of ICT in a depressed Economy.
1.6 Research Hypothesis
Ho The role of ICT in a depressed economy is not significant
Hi The role of ICT in a depressed economy is significant
1.7 Scope of the Study
The study focuses on the appraisal of the role of ICT in a depressed economy.
1.8 Limitations of the Study
The study was confronted by some constraints including logistics and geographical factor.
1.9 Definition of Terms
Depression: Depression is defined as a severe and prolonged recession. A recession is a situation of declining economic activity. Declining economic activity is characterized by falling output and employment levels. Generally, when an economy continues to suffer recession for two or more quarters, it is called depression.
ICT: According to WEF (2012) Information and communication technology (ICT) consist of Electronic technologies which facilitate easy access to information such as the Internet, wireless networks, and cellular phones (WEF, 2012).
PRODUCTIVITY: The term Productivity measures and calculates inputs to outputs and determines its effect on a country’s economy and its competitiveness (Freeman, 2008).
How do I get this complete project on THE ROLE OF ICT IN A DEPRESSED ECONOMY? Simply click on the Download button above and follow the procedure stated. |
I have a fresh topic that is not on your website. How do I go about it? |
How fast can I get this complete project on THE ROLE OF ICT IN A DEPRESSED ECONOMY? Within 15 minutes if you want this exact project topic without adjustment |
Is it a complete research project or just materials? It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data |
What if I want to change the case study for THE ROLE OF ICT IN A DEPRESSED ECONOMY, What do i do? Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately |
How will I get my complete project? Your Complete Project Material will be sent to your Email Address in Ms Word document format |
Can I get my Complete Project through WhatsApp? Yes! We can send your Complete Research Project to your WhatsApp Number |
What if my Project Supervisor made some changes to a topic i picked from your website? Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately |
Do you assist students with Assignment and Project Proposal? Yes! Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately |
What if i do not have any project topic idea at all? Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 813 292 6373 |
How can i trust this site? We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe! |