The Fundamental Significance of Information Technology in Modern Economic Growth and Development (original) (raw)

This article aims to provide basicinformation about the role of information, communication and computer technologies in the economic branch of society. in the development of modern society. Information and communication technology (ICT), population growth, gross capital formation, openness and inflation are frequently wellthought-out as significant drivers of economic growth in all countries especially for developing ones and so for Uzbekistan in our case. This paper aims to examine the importanceof informationtechnology in the economic growth and in the development of modern society. The outcomes illustrate that ICT has positive impact on Uzbek regions' economic growth as well as the other factors except for inflation which has a negative impact on economic growth for the country. The impact degree of ICT on economic growth is less than that of other countries especially emerging and developed economists.