Development of the Information Economy in India and the Role of Diaspora - The Missing Intercourse

Reza Akbar Felayati, Joko Susanto

2018

Abstract

India experienced a unique development phenomenon in the late 1980s to 1990s when the IT sector, in the form of production, software exports, and services related to computers and IT, became dominant in the Indian economy. As in developing countries in general, India is faced with the problem of inadequate human capital when it comes to achieving modern economic levels, and the industrial and manufacturing sectors hampered by regulative government policies. Looking at the situation as it stands; India has reached the stage of what is called the information economy, which is the typical economic style of developed countries. Using the diaspora role approach as a state development actor, the authors have a hypothesis that the success of India in addressing the problems of human capital needs relates to their success in utilizing the diaspora that acts as a technological and knowledge transfer initiator, an additional number of human capital, and as transnational bridges between multinational and state enterprises. In other words, the diaspora is the link that allows India to jump to the stage of information economy.

Paper Citation

in Harvard Style

Felayati R. and Susanto J. (2018). Development of the Information Economy in India and the Role of Diaspora - The Missing Intercourse.In Proceedings of the 4th International Conference on Contemporary Social and Political Affairs - Volume 1: ICoCSPA, ISBN 978-989-758-393-3, pages 295-301. DOI: 10.5220/0008820702950301

in Bibtex Style

@conference{icocspa18,
author={Reza Akbar Felayati and Joko Susanto},
title={Development of the Information Economy in India and the Role of Diaspora - The Missing Intercourse},
booktitle={Proceedings of the 4th International Conference on Contemporary Social and Political Affairs - Volume 1: ICoCSPA,},
year={2018},
pages={295-301},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0008820702950301},
isbn={978-989-758-393-3},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 4th International Conference on Contemporary Social and Political Affairs - Volume 1: ICoCSPA,
TI - Development of the Information Economy in India and the Role of Diaspora - The Missing Intercourse
SN - 978-989-758-393-3
AU - Felayati R.
AU - Susanto J.
PY - 2018
SP - 295
EP - 301
DO - 10.5220/0008820702950301