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Shift in the Regional Balance of Power from Europe to Asia: A Case Study of ICT Industry

  • Zahid LatifEmail author
  • Jianqiu Zeng
  • Shafaq Salam
  • Zulfiqar Hussain
  • Lei Wang
  • Nasir Jan
  • Muhammad Salman
Conference paper
Part of the Lecture Notes on Multidisciplinary Industrial Engineering book series (LNMUINEN)

Abstract

During the last couple of decades, ICT sector became the most innovative service sector that affected the living standards of human beings all over the world. In the beginning of the 21st century, some of the Asian countries made reforms in the ICT sector and spent an enormous amount for the progress of this sector. On the other hand, developed countries in the European Union (EU) faced different crises which badly affected the dissemination of this sector. Consequently, EU countries lost their hegemony in the field of information technology and resultantly, some of the emerging Asian countries like China, India, and South Korea got supremacy over the EU in this field. Currently, these countries have a strong IT infrastructure, R&D sector, IT research centers working for the development of ICT. Moreover, this paper investigates reasons for the shifting of the balance of digital power from Europe to Asia.

Keywords

Information and communication technology (ICT) Infrastructure R&D One belt One road Game changer Supremacy 

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Copyright information

© Springer International Publishing AG 2018

Authors and Affiliations

  • Zahid Latif
    • 1
    Email author
  • Jianqiu Zeng
    • 1
  • Shafaq Salam
    • 1
  • Zulfiqar Hussain
    • 1
  • Lei Wang
    • 1
  • Nasir Jan
    • 2
  • Muhammad Salman
    • 3
  1. 1.School of Economics and ManagementBeijing University of Posts and TelecommunicationsBeijingPeople’s Republic of China
  2. 2.School of EconomicsBeijing Normal UniversityBeijingPeople’s Republic of China
  3. 3.Department of EconomicsGomal UniversityKhyber PakhtunkhwaPakistan

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