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Contents Introduction

It is clear that within the APEC economies there are patterns of industrial specialization and national idiosyncrasies, and that the development and influences of ICT are multidimensional. In an attempt to shed light on industrial-related policies, this study focuses on macro- and economic-oriented aspects as a means of evaluating the impacts of ICT. In embarking upon this project, our intention is to quantify the differences in ICT development for the APEC economies. In our efforts to reveal the effects of the ICT revolution on these economies, we employ an empirical study, involving principal component and growth accounting techniques, in order to explore the relationship between ICT and non-ICT industries. We intend to tackle a number of questions relating to the ability of ICT to accumulate national wealth, increase overall total productivity levels, boost industrial transformation and improve resource allocation.