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ARTICLE · 12 AUGUST 1998

Stimulating Economic Growth

DataCash
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United KingdomMedia, Telecoms, IT, Entertainment
Commissioner outlines role of IT in European development strategy

Politicians keen to claim success for their strategies welcome any statistic that even approaches an endorsement of their economic objectives. Measures which generate a tangible improvement in the standard of living for the territory under their control are seized with both hands. Electronic commerce and its institution as a bedrock of economic development for the West Midlands of the UK is a prime example, provided that the potentially conflicting forces at work can be accommodated.

A central tenet of European Union philosophy is that greater prosperity can be achieved by levelling the nations of Europe to a common denominator, rather than encouraging the already successful nations to leverage from their success to reach even greater heights. As a result, it has implemented regional policy objectives designed to concertina the extremes - as represented by divergent economic statistics - towards the average for

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