The purpose of this paper is to investigate IT promotion policies for economic development in Malaysia and to analyze results of those policies. In addition, the author attempts to draw policy suggestions for developing countries in order to encourage their economic development. This paper reveals disparities in sector and region although the government’s strong concern regarding ICT supported ICT development. From this analysis, three policy implications for other developing countries are suggested. First, government commitment can contribute to ICT development. Second, the government needs to develop ICT through a strategic and gradual approach. Third, the government needs to pay careful attention to ICT disparities which may arise in the process of ICT development for stable economic development.