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Information and communications technologies (ICTs) have led to important economic changes over recent decades, transforming value chains and the production and trade of goods and services. ICTs have become an increasingly important tool for development, providing access to information for science, technology and innovation, fostering and enhancing regional and international cooperation and knowledge-sharing. While this has led to substantial improvements in productivity, it has also created new barriers to entry. Only those individuals with the requisite skills and those firms with access to the right tools can reap benefits from the digital revolution. Moreover, the ICT sector is characterized by constant and rapid changes. It has the potential to bring large benefits in terms of productivity and economic development, but it can also by disrupting the status quo lead to inequality and exlusion#

Explanation:

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