ICT and Global Economic Growth Contribution, Impact, and Policy Implications

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WB-KMV-SEPTEMBER 16-2004. 2. The ICT Revolution and Economic Growth (2). . . . . PROCESS. . . Info. Yield. Innovation Progress Drastic advancement in ICT items execution (with the processor chip at its center: Moor\'s Law) 1981: 29,000 transistors (i8088) 2004: 125 million transistors (Pentium 4) Dramatic decrease in IT equipment cost (by 2000 times more than 40 years, 1960-2000) New applications (the

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