Policy Brief
e-development? Development and the New Economy

The rise of the new economy is undeniable. Yet its impact on the development process is still to be fully understood. Investment in ICT itself is not sufficient to ensure longterm improvements in social well-being but requires other factors that result in an enabling environment in which progress can be achieved. Policymakers must guard against a 'technology fundamentalism', which is the idea that ICT investment is the only need of developing countries.