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Letter From the Editor
French Caldwell
Andrea Di Maio
7 February 2002
The European Union (EU) has set lofty goals for eEurope: build a digital society and establish a robust net economy. If Europe is to effectively compete in a global economy increasingly dominated by services, which already represent 70 percent of the jobs in the EU, achieving these goals is vital. The advent of the knowledge economy is lifting the esteem, salaries and education levels of services jobs, and the information and communications technology (ICT) sector, on which the knowledge economy depends, has the highest rate of job growth in Europe.
Looking ahead, though, there are signs of trouble in the development of eEurope. First, European investment in the ICT sector is barely one-half that of the United States. Second, EU policies to encourage e-commerce have had little noticeable effect on service exports beyond Europe. In our view, the root cause is that eEurope policies have focused too directly on the outward vestiges of e-commerce and e-government, and there remains a need to address the fundamentals if eEurope is to advance.
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