How societies will benefit from technological progress
In my previous blog I wrote how technology progress is fundamentally offering a path to enhance the well-being of a society and the need for adequate policy making to achieve such an outcome. For society to benefit from a technology-led transformational change, there must be sound public policy making, because public policy shapes and determines the duration, cumulative strength and sustainability of socioeconomic benefits that can be achieved.
So what does adequate policy making entail? Obviously, attempting to provide an exhaustive answer in a blog is doomed to fail, but what I am offering here is a small step forward by introducing the basics.
In taking an explicit view on policy challenges associated with ICT-led transformation, at least two different types of challenges can be identified:
- generic or fundamental public policy challenges associated with a transformational change that define the capacity of public policy and institutions to enable or at least not stop the pace of a transformational change,
- sector-specific policy challenges, and in this case ICT policies which can impact R&D investments (new knowledge creation), value creation (innovation), roll-out (diffusion) and use (adoption) of ICT.
In terms of its effect on society, policy maker’s responses to these two types of policy challenges shape the cumulative size and sustainability of ICT-enabled improvements of societal well-being.
Finally, in my previous blog I also made the claim that technologies underpinning the Networked Society offer new and/or better avenues for policy makers to make a decisive difference. If we now know what the policy making challenges are, a fair next question to ask is how will the Networked Society reshape basic value-creating conditions and change peoples’ businesses’ and the public sectors’ behaviors and opportunities for the better?
To be continued…