Influence of the Country’s Information Level on Its Economic Development

Abstract

Information technologies forward and change all processes that are taking place in the modern society. Recent literature has been analysed as for the vector of information society development, influence of information technologies on development of business communications and social institutions. Asymmetry of information processes in the world has been analysed as well. The aim of this research is to study the moderated role of countries’ IT level and its influence on social and economic development. The realised econometric research of the global indices (ІСТ, Doing Business, Global Competitiveness Index) for 113 countries of the world indicate different intensity of information and communication development influence in certain groups of countries (identified by the ІСТ level) on their economic level. Keywords—economic development, the Information and Communication Development of a Country, the Doing Business, the Global Competitiveness Index, the correlation-regression analysis, clusters of countries.