Information,Organization, and development policy

Abstract

While economic systems have become increasingly information‐intensive, economic modeling has yet to incorporate a balanced view of information as a resource. A common substitute, the assumption that more information is better than less, has dangerous consequences because it usually lacks a typology of information, assumes that expected productivity increases are realized, and neglects both equity aspects and the need to search for more appropriate forms of organization. UNESCO's UNISIST program is reviewed to illustrate these consequences and to argue the relevance of the emerging information economics.