ICT AND THE NEW GLOBAL INVESTMENT PARADIGM: CHALLENGES TO CROSS- BORDER TRADE AND INVESTMENT

This article explores the broader context of the use of Information and Communication Technology (ICT) in the cross-border environment from the perspective of one of the world’s largest providers of IT hardware, software and services. It highlights a number of new and emerging thoughts and approaches around the continuing challenges of globalisation as it relates to business growth, investment, technological advancement and economic development. These developments are then discussed in the context of their applicability to the cross-border environment with a specific focus on the role that ICT can play in achieving a balance between trade facilitation and compliance in the customs environment. Existing mechanisms for achieving this balance are also explored along with some recommendations for ensuring that future developments align with the broader globalisation agenda and the key role that technology will play in determining the prosperity of individual nations and trading blocs