Title: The Technological Risk and Uncertainty in Governance and Economic Development
Publication Year: 2005
JRC N°: JRC31861
Other Identifiers: EUR 21548 EN
URI: http://publications.jrc.ec.europa.eu/repository/handle/JRC31861
Type: EUR - Scientific and Technical Research Reports
Abstract: The concept of 'knowledge-based economy', described in the Lisbon agenda for 2010, is too often referred to the application of Information and Communication Technologies (ICTs) as the main driver of economic growth and competitiveness at global level. According to a broader definition of economic development, social, economic and other kind of changes have to be considered. The simple use of indicators regarding ICT and high-tech sectors, does not take into account the complex interrelations of innovation and technology with the economic structure (globalisation) and the behaviour of operators. Traditional growth models are not able anymore to cope with such radical changes. ICTs cannot be considered as traditional sectors as they are hidden across almost all the sectors of the economy. An analysis of economic stability should be carried out, in relation to the major changes generated by technology and innovation. (ECONOMIC ASPECT) Moreover, while ICTs have been the source for a greater growth and a change of economic relations (improved Governance), on the other hand they have created a greater number of risks, uncertainties and costs unknown in the past. For instance, the risk related to ICT-based infrastructures of industries and institutions (e.g. energy sector). The presence of information inside the web constitutes a risk for capturing reserved information. Existing studies are being carried out on this issue at European level, in particular on the determination of the actors, which should be charged to pay for those costs and on the amount of expenditure to front such risks. (RISK GOVERNANCE ASPECT) This work contributes for the foundation of methodologies of assessment of risks and uncertainties of the knowledge-economy and the consequent shift to e-Governance policies for public and private Institutions. It constitutes as well the theoretical background on which the experience of qualitative appraisal of economic indicators has been based (NESIS project).
JRC Directorate:Space, Security and Migration

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