CONTENTS -- Abstract -- Acknowledgments -- Abbreviations and Acronyms -- 1. Introduction -- 2. Assessing the Contribution -- 3. The Contribution of ICT to Economic Growth -- 4. Factors Influencing the Contribution of ICT to Economic Growth -- 5. Policy Implications -- 6. Conclusions -- References -- BOXES -- 1. Disparity in R&D Spending -- FIGURES -- 1. Channels of Contribution to Economic Growth by ICT -- 2. Global Spending on ICT Goods -- 3. Contribution of ICT to Labor Productivity Growth (Percentage of GDP) -- 4. Cellular Phone Explosion in Sub-Saharan Africa -- 5. Ten Countries with the Highest Growth Rate of ICT Spending, 1993-2001 -- 6. Cumulative Annual Growth Rate of Mainline and Mobile Penetration in Developing countries, 1996-2001 -- TABLES -- 1. Contribution of ICT Capital Deepening and Growth of TFP in ICT Sectors in Selected Countries (1995-2000) -- 2. Change in Growth Contribution of ICT, 1996-1999 versus 1991-1995 -- 3. The Widening Digital Divide in Asia -- 4. Relative Price Change and Social Savings in Selected Countries -- 5. Information and Communication Infrastructure, 1995-2001.