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By Meheroo Jussawalla and D.M. Lamberton (Eds.)

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T h e a d o p t i o n of a n y o n e of t h e s e p o l i c i e s w i t h o u t t h e o t h e r s may b e w o r s e t h a n n o t d o i n g a n y thing . T h e f i r s t t h r e e t y p e s of p o l i c y a n d t h e n e e d t o s t r e n g t h e n b a r g a i n i n g p o w e r a r e r e l e v a n t to t h e s u i t a b i l i t y g a p ; t h e f i r s t p o l i c y a n d t h e f o u r t h p o l i c y a r e r e l e v a n t to t h e communications g a p . 2 p e r c e n t of t h e i r G N P . I t i s , of c o u r s e , t r u e t h a t R&D, e v e n w h e n d e v o t e d to t h e d i s c o v e r y of l a b o r - i n t e n s i v e , low-technology p r o c e s s e s and p r o d u c t s , is itself a skilli n t e n s i v e h i g h - t e c h n o l o g y t y p e of a c t i v i t y .

In 1976 proposals came forward for a macro-economic analysis of information activities and the role of electronics and telecommunications technologies (Kimbel, 1977). This led to a meeting of a "group of e x p e r t s " on April 21-22, 1977. The group made recommendations along the following lines: • • • The reference to "macro" should be deleted because both "macro" and "micro" approaches to the studies were e s sential. The impacts of information activities and technologies were now profound and made economic analysis a matter of high priority.

Concerning the same real event multiple information partly of p r i c e c h a r a c t e r , partly of non-price character will be received t h r o u g h several channels, in various p h a s e s , at several times, in various degrees of fineness, ( p . 66) THEORETICAL IMPLICATIONS 39 He attempted to show that information multiplication can improve the functioning of the economic system, and he believed t h a t the factors he had listed went a long way toward explaining why demand for complex information flows had been increasing.

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