The Role of Government In a Digital Age

October 12, 2000

Joseph E. Stiglitz
Peter R. Orszag
Jonathan M. Orszag

Innovations in information technology (IT) have spurred significant changes in the U.S. economy over the past two decades. Firms have invested heavily in computers and peripheral equipment, along with software, advanced telecommunications systems, and other information technology. These investments have facilitated significant improvements in inventory systems, reduced shipping costs, and allowed more effective responses to changes in consumer preferences – thus improving the efficiency of the production system.

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