The aim of this paper is to highlight the importance of the ICT sector (information and communication technologies) and the application of the new technologies in the Economy. The paper points out the importance of modern economic theory “new growth theory" provides to the application of new information and communication technologies.
The importance of the ICT sector is presented through the analysis of its contribution to the overall growth of the Bosnian Herzegovinian economy through the growth of the sector as well as the productivity growth of other sectors. This paper analyzes the impact of the implementation of new IC technologies at the micro level ( the level of companies ) and within state institutions with the aim to show the advantages of applying new IC technology and the same contribution to increasing the competitiveness of Bosnian Herzegovinian economy . The paper detecting limiting factors for greater use of ICTs in the administration, namely: inadequate and incomplete legislation , low levels of education and reluctance to acceptance and use of the new technologies
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