Europe, as all modern economies, is shifting towards an information-based society, where Information Technology (IT) is dramatically modifying patterns of production and consumption and the modern way of life. Low-cost data processing and transmission technologies are leading the way not only in...

This paper identifies the main factors for Europe's delays in embracing the well proven growth enhancing effects of digital technologies. It argues that market failures, including externalities from knowledge spillovers, cybersecurity and first mover advantages justify public support. The whole...