INTELLECTUAL ECONOMICS 2007, Number 1(1)
Johnnes ArreymbiHOW SECURED ARE ADVANCED ECONOMIES IF ADVANCING ECONOMIES ARE LESS SECURED?
Mykolas Romeris University Publishing Centre. Vilnius. Lithuania 2007 Nr.1(1), p. 7-18
Abstract
The modern world economies are today threatened with insecurity throughout every aspect of business, technology, health care, public resources and more increasingly governments and policies structures. The philosophy that a secure premise can be adequately protected and give maximum security to the ringed-occupants can no longer hold. Borders have become porous; the ring of steel and castle-style high walls can no longer protect any economy. The environment under which they operate can be influenced so much by other factors such as neighbours, economics of existence, technologies and relationships to name a few. This paper analysis ICT issues in relation to economics of security and development, and highlights the adage that, ‘No man is an Island’, i.e. no system can exist in isolation. And with the world becoming a global village, (in)security of any nation must be the concern of one and every nation in the global equation. Can ICT ‘balance the act’ and provide solutions to the many global questions?
JEL Classification P470, P510.Keywords: economics of security, development and sustainability, ICT, economies (developed and developing).