Information and Communication Technology-Enabled Economic Growth and Convergence: Examples from EU's Central and Southeastern European Members

Information and Communication Technology-Enabled Economic Growth and Convergence: Examples from EU's Central and Southeastern European Members

Elias G. Carayannis (The George Washington University, USA) and Christopher Ziemnowicz (Concord University, USA)
DOI: 10.4018/978-1-59140-908-3.ch014
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Abstract

Globalization can be viewed as a process of increased freedom and capacity of individuals and firms to conduct economic activities with residents of other countries. The driving forces of globalization stem from the reduction in barriers for conducting business across political and geographic barriers, as well as the reduction and convergence of transaction costs via advances in “transport of information.” There is a consensus that innovation and the accompanying progress in information and communication technology (ICT) serve as a catalyst for economic growth. This chapterdiscusses the ICT environment within the Central and Southeastern European (CSEE) counties and the changes in this sector within the European Union (EU). Examination of strategies taken by these nations to improve their economic performance may offer decision makers in other regions some options to deal with impending changes. Particular emphasis is on the efforts of CSEE nations to build a creditable government, reliable political system, and competitive economy. These nations serve as a laboratory for implementing radical changes in their political economy from a centrally planned, one-party system to a democratic market-based system. Specific recommendations include emphasis on effectual dissemination of information between purchasers and suppliers. Information broadcasting is highly related to the creation of an efficient digital system. Specific needs include improved capacity to standardize reports, forms and information transmission functions. Furthermore, IT support and training programs are essential to reduce market distortions.

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Table of Contents
Acknowledgments
Bruce Walters, Zaiyong Tang
Chapter 1
Zaiyong Tang, Bruce Walters
The authors trace historical developments in the fields of information technology (IT) and strategic management. IT’s evolution from the mainframe... Sample PDF
The Interplay of Strategic Management and Information Technology
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Chapter 2
Paul L. Drnevich, Jungpil Hahn, Mark Shanley
This chapter explores theoretical conceptualizations of IT beyond current common resource-based perspectives, in the hopes that MIS research may... Sample PDF
Toward a Strategic Perspective of Information Technology
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Chapter 3
Brian H. Cameron
Information Technology Portfolio Management (ITPM) is a topic of intense interest in the strategic management of IT. In ITPM, IT synchronization... Sample PDF
IT Portfolio Management: Implementing and Maintaining IT Strategic Alignment
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Chapter 4
Miguel Perez-Valls, José Manuel Ortega-Egea, José Antonio Plaza-Úbeda
This chapter offers a theoretical investigation of the relationships between new IT and the implementation of emerging organizational designs. It... Sample PDF
Relationship Between New Information Technologies and Flexible Organizational Forms
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Chapter 5
Paul L. Drnevich
The rapid evolution of IT has enabled new organizational capabilities to manage knowledge and information. Given this evolution, IT systems for... Sample PDF
IT-Enabled Strategy: Implications for Firm Performance?
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Chapter 6
Dev K. Dutta
This chapter examines to what extent the implementation of Software Engineering Institute’s Capability Maturity Model (CMM) of software process... Sample PDF
Becoming a Learning Organization in the Software Industry: Is CMM the Silver Bullet?
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Chapter 7
Les Singletary, Minh Q. Huynh
Integration has been the dominant technical strategy of Information Technology (IT). Computers were introduced for business use and have evolved... Sample PDF
ERP as an Integration Strategy: Issues, Challenges, Benefits, and Risks
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Chapter 8
Sreedhar Madhavaram, Radha Appan
Because of (1) the boundary-spanning nature of the marketing function, and (2) marketing’s evolution toward a dynamic, evolutionary process, and... Sample PDF
Marketing Strategy: The Role of Information Technology-Enabled Capabilities….
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Chapter 9
Tong-Seng Quah, Chye-Huang Leow
In a highly competitive business environment, every organization is trying to achieve more using fewer resources. This is particularly true in this... Sample PDF
Linking Businesses for Competitive Advantage; A Mobile Agent-Based Approach
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Chapter 10
Yuan-Yuan Jiao, Jun Du, Jianxin (Roger) Jiao
System-to-system integration is an essential aspect of Business-to-Business (B2B) organizations. This chapter proposes a common infrastructure model... Sample PDF
Applying Directory Services to Enhance Identification, Authentication, and Authorization for B2B Applications
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Chapter 11
Sören W. Scholz, Ralf Wagner
Environmental scanning (ES) improves managerial decisions by linking the business environment with the organization’s internal capabilities. This... Sample PDF
Autonomous Environmental Scanning on the World Wide Web
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Chapter 12
Luke Ho, Anthony S. Atkins
This chapter provides both practitioner and academic insights into outsourcing. It begins with a review of the literature and practice of... Sample PDF
IT Outsourcing: Impacts and Challenges
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Chapter 13
Jari Salo
Companies engage in many business relationships; however, the number is decreasing constantly, so existing relationships are increasingly valuable.... Sample PDF
IT-Enabled Integration of Business Relationships in the Steel Industry Context
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Chapter 14
Elias G. Carayannis, Christopher Ziemnowicz
Globalization can be viewed as a process of increased freedom and capacity of individuals and firms to conduct economic activities with residents of... Sample PDF
Information and Communication Technology-Enabled Economic Growth and Convergence: Examples from EU's Central and Southeastern European Members
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About the Authors