Information technology is the key to productivity growth.
As we pass the first anniversary of the financial crisis and the beginning of the economic downturn that followed, there are signs that the global economy may be taking the first tentative steps toward recovery.
This is great news, of course. A year ago, we stood at the brink of global economic disaster. Thanks to rapid intervention from governments around the world through massive stimulus spending and huge injections of capital, we seem to have avoided a total economic meltdown. And today, the engines of economic growth appear to be sputtering back to life.
