Impacts of Information Technology on Society in the New Century

The past few decades have seen a revolution in computing and communication, and all indications are that technological progress and the use of information technology will continue at a rapid pace. Accompanying and supporting the dramatic increase in the power and use of new information technologies have been the falling costs of communication as a result of both technological improvement and increased competition. According to Moore’s Law, the processing power of microchips is doubling every 18 months. These developments present many important opportunities but also major challenges. Today, innovations in information technology are having far-reaching effects in many domains of society, and policymakers are dealing with issues related to economic production, intellectual property rights, privacy protection, and information access and affordability. . Choices made now will have lasting consequences, and must be addressed in social and economic…

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