Vol. 38, No. 4, Winter 2004
New technologies are having an enormous impact on the development of modern economies. In Atlantic Canada, output of the information and communications technology (ICT) sector grew by almost 80% between 1997 and 2002, three times faster than the rest of the economy. Based on APEC estimates, there were about 22,000 ICT jobs in the region in 2002, mainly concentrated in larger urban centres. Further, almost 60% of the ICT jobs created in the Atlantic provinces between 1996 and 2002 were in computer services. Several interrelated factors impact the development of ICT and science-based industries, including skilled human resources, financial capital, the regulatory environment, investment in research and development, and research infrastructure. Creating a climate that encourages technology-based activity is the key to future prosperity.