V International Conference
Main Sponsor
Sponsors:
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10—11 April 2003
Warsaw, Poland
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Leon Ko¼miński
Academy of Entrepreneurship and
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Management |
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The third edition of the international
research project coordinated by TIGER economic institute, affiliated
at the Leon Kozminski Academy of Entrepreneurship and Management
(WSPiZ), follows into the footsteps of the two previous editions
of the “new economy” project, which were held in 2001
(“The ‘New Economy’ and Its Implications For
Long-term Growth in Post-socialist Countries”) and in 2002
(“The ‘New Economy’ and the Old Problems. Prospects
for Fast Growth in Transition Economies”). Both editions
resulted in publications in Polish and in English. Last year’s
conference papers were published by the Leon Ko¼miński Press in
a Polish volume edited by Grzegorz W. Kolodko and Marcin Piatkowski.
The English versions of the papers were published in EMERGO –
The Journal of Transforming Economies and Societies.
The ‘new economy’ can be defined as a host of new
economic phenomena resulting from two concurrent processes: globalization,
that is on-going deregulation, integration of the global markets
for capital, goods, and labor, and increased competition, and
technological revolution based mostly on general-purpose information
and communications technologies (ICT), utilization of which changes
ways of doing business and thus has an impact on the whole economy.
The technological revolution is spurred by a rapid increase in
quality and productivity of ICT products and services coupled
with their decreasing prices and convergence of information and
communications technologies, most visibly embodied in the Internet.
The extraordinary performance of the US economy, marked by a
substantial increase in productivity and growth rates coupled
with low inflation and unemployment, along with a number of other
developed and developing countries in the second part of the 1990’s
has been offered as an evidence of this new economic phenomenon.
The “new economy” miracle however did not last.
The market bubble burst, a large number of Internet companies
collapsed, business cycle is alive and kicking, unemployment increased
and share prices nosedived. The economic “nirvana”
of the ‘new economy’ did not materialize. The quote
marks will be still and always needed.
Nonetheless, the technological progress, which spurred the ‘new
economy’, has not been arrested – it will be proceeding
at a fast rate now and in the future. Hence, in spite of the lingering
pessimism and the fact, that the impact of ICT of economic growth
in transition economies has so far been minimal, in the long-term
perspective ICT offers a substantial potential for faster economic
growth, acceleration in productivity, and an increase in standards
of living in transition countries.
The relatively low level of economic development coupled with
technological backwardness paradoxically offers a chance for substantial
acceleration in growth. Thanks to adoption of ideas, superior
technologies, and organizational structures already developed
in rich countries, transition countries should be able to ‘leapfrog’
stages of technological development and subsequently considerably
increase rates of economic growth. The ‘knowledge-like’,
weightless nature of the ‘new economy’, which -- as
opposed to traditional factors of production -- can be copied
and transferred at negligible costs, can further accelerate the
absorption process.
However, how to tap this potential? What are the determinants
of the successful adoption of ICT? What are the threats and opportunities?
Does ICT indeed represent a chance for faster growth in transition
countries? What is the size of this potential? Has the ICT had
any impact so far on economic growth of these countries? Can this
potential of the new technologies be utilized in spite of the
lingering social, economic, infrastructural, institutional, and
human capital shortcomings? What are the implications for economic
policy?
In this context, the research project will analyze the following
five research issues:
- The Impact of ICT on Economic Growth in Transition Economies;
- The Role of ICT in Economic Restructuring;
- Determinants of Absorption of the ‘New Economy’;
- The Role of the State and International Institutions in the
‘New Economy’;
- E-government: Challenges, Opportunities, and Prospects.
The project will culminate in the conference held on April 10-11
2003 at the Leon Kozminski Academy of Entrepreneurship and Management,
Warsaw, Poland.
As in the previous editions of the project, the conference will
feature distinguished economists representing the OECD, IMF, Berkeley
University, UNU/WIDER, London Business School, WSPiZ and other
universities. Aside from the participants, the conference will
welcome a broad spectrum of scholars, politicians, businessmen,
students and mass media. The conference papers will be published
in Polish and in English.
Thursday, 10th April
9.00 — 11.00
Opening session
Opening address — Prof. Andrzej K. Ko¼miński,
Rector of the Leon Ko¼miński Academy of Entrepreneurship and Management
(Leon Ko¼miński Academy of Entrepreneurship and
Management).
Special address by Prof. Grzegorz W. Kolodko,
Poland’s Deputy Prime Minister and Minister of Finance.
Addresses by the representatives of the sponsors.
11.00 — 11.30
Coffee break
11.30 — 13.30
1st Session: The Impact of ICT on Economic Growth
Dirk Pilat, Anita Woelfl (OECD Directorate for Science, Technology
and Industry, France)
ICT AND ECONOMIC GROWTH — NEW EVIDENCE FROM INTERNATIONAL
COMPARISONS
Jukka Jalava (Helsinki School of Economics, Finland)
THE PRODUCTION AND USE OF ICT IN FINLAND, 1975—2001
Marcin Piatkowski (TIGER—Leon Ko¼miński Academy of Entrepreneurship and
Management, Poland)
THE CONTRIBUTION OF ICT INVESTMENT TO ECONOMIC GROWTH IN POLAND
1995 — 2000
Teet Rajasalu, Anton Laur (Estonian Institute of Economics,
Tallin Technical University, Estonia)
THE CONTRIBUTION OF THE “NEW ECONOMY” TO ESTONIA’S
ECONOMIC GROWTH AND CONVERGENCE WITH THE EUROPEAN ECONOMY
13.30 — 14.30
Buffet Lunch
14.30 — 16.30
2nd Session: ICT and Its Role in Economic Restructuring
Andrea Szalavetz (Institute for World Economics of the Hungarian
Academy of Sciences, Hungary)
THE TERTIERIZATION OF MANUFACTURING INDUSTRY OR THE ROLE OF ICT
IN THE SECOND PHASE OF RESTRUCTURING
Jacek Brdulak, Jakub J. Brdulak (Warsaw School of Economics,
Poland)
KNOWLEDGE MANAGEMENT IN THE “NEW TRANSPORT” ECONOMY
ENTERPRISES IN POLAND
Branko Radulovic (World Bank, Beograd Office, Serbia and
Montenegro)
ICT—BASED RESTRUCTURING AS AN ALL—INCLUSIVE APPROACH
IN POST—SOCIALIST TRANSITION
Beata Swiecka (Szczecin University, Poland)
THE “NEW ECONOMY” AND TRANSFORMATION OF THE BANKING
SECTOR IN TRANSITION ECONOMIES
Discussion
Friday, 11th April
9.00 — 10.30
Opening session
Opening address — Marcin Piatkowski, Research
Director, TIGER–Leon Ko¼miński Academy of Entrepreneurship and
Management, Poland.
Special Address by Prof. Michal Kleiber, Poland’s
Minister of Science and Chairman of the State Committee for Scientific
Research.
Discussion
10.30 — 11.00
Coffee Break
11.00 — 13.00
3rd Session: Determinants of Absorption of ICT
George R.G. Clarke (Development Research Group, World Bank,
Washington D. C., USA)
THE EFFECT OF ENTERPRISE OWNERSHIP AND FOREIGN COMPETITION ON
INTERNET DIFFUSION IN THE TRANSITION ECONOMIES
Jos Verbeek (World Bank, Warsaw Office, Poland)
INVESTMENT—ORIENTED REGULATION IN TELECOMMUNICATIONS
Patrick Muller (London Economics, UK)
INTERNET USE IN TRANSITION COUNTRIES — ECONOMIC AND INSTITUTIONAL
DETERMINANTS
Richard Sanders, Chen Yang (Northampton Univestity,
UK)
CHINA'S TRANSITION TO THE “NEW ECONOMY”: AN INSTITUTIONAL
APPROACH.
Discussion
13.00 — 14.00
Buffet Lunch
14.00 — 16.00
4th Session: The “New Economy”: Issues, Constraints,
and Prospects
Anna Zorska (Leon Ko¼miński Academy of Entrepreneurship and
Management and Warsaw School of Economics, Poland)
GLOBALIZATION AND THE “NEW ECONOMY” — EXOGENOUS
CONDITIONS FOR ECONOMIC LINKS BETWEEN THE COUNTRIES OF CENTRAL
AND EASTERN EUROPE
Krzysztof Piech (School of Slavonic and East European Studies,
University College London, UK)
DIGITALISM AND THE FOURTH SECTOR
Lech W. Zacher (Leon Ko¼miński Academy of Entrepreneurship and
Management, Poland)
ON THE ROAD TO THE “NEW ECONOMY”: LABELS, PATTERNS,
BLUEPRINTS, STRATEGIES AND POLICIES
Dariusz Dziuba (Warsaw University, Poland)
INFORMATION SECTOR IN NEW ECONOMY
Discussion
16.00
Closing
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