Arnold Kling

Europe Missing the IT Revolution?

Arnold Kling, Great Questions of Economics
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Brad DeLong says that the information technology revolution has yet to show up in European productivity data. Although the problem could be European "red tape" (see below), DeLong thinks that the most likely explanation is that

the dog is just waking up--for there is a range of places from Finland to Sweden to Ireland to Australia where the high-tech boom is clearly audible.

In other words, he think that the high-tech boom in productivity is just getting started in other developed countries.

Discussion Question. Will the high-tech boom spread around the world, or will it be limited to English-speaking countries, as Paul Krugman once suggested?

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