IT growth to benefit economy

Australia's economy will reap the benefits of increased involvement by business in the information economy.

According to a study by the Federal Minister for Communication, Information Technology and the Arts, Senator Richard Alston and the chief executive of the National Office for the Information Economy, John Rimmer, by 2004-2005 increased business involvement will generate an underlying rise in the growth of the Australian economy of 2.6 per cent.

The study also found this increased support will result in 1.2 per cent higher employment and higher incomes.

The Government said the report confirms Australia's information economy strategy is on track and that the Government is targeting the most important barriers.

These barriers include privacy and security on the Internet (via the National Privacy Principles), affordable high-speed broadband Internet access (by way of the recently established Broadcasting Advisory Group) and a shortage of people with relevant IT skills.

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