The author is deeply in the debt of Dr. Bernard Wasow for many hours of discussions while this draft was in progress. Financial assistance from Century Foundation is gratefully appreciated. All errors in this draft are due to the author. This paper is about how much and how to harness IT to the ends of fostering youth employment or livelihood opportunities, especially in developing countries of the world. Information technology, foreign direct investment and globalization have become the three all-dominating threads in the ongoing panorama of international development events.
Information is often of economic importance.
It is not only the case that with proper processing, information can substitute for inventories and thus change quite significantly the end story of productive efficiency in any economy. Granted, to do well based on that transformation needs high level of software skills. Here is an opportunity to give young people from poor countries, communities and families a potential break. What you know and when you know it have become equally important. Especially the last is becoming a key determinant of market advantage.