National Information and Communications Technology Policy technology, broadcasting and communication. One prominent example is the Internet. Information-Based Economy: A country or region where ICT is used to develop an economic foundation and market transactions. Information Society: A country or region where information technology has been fully exploited and is part of everyday life as an enabler of information sharing, communication and diffusion. Information Technology: Embraces the use of computers, telecommunications and office systems technologies for the collection, processing, storing, packaging and dissemination of information. Internet Exchange Point: A “peering point” for interconnecting ISPs and/or other IXPs for the purpose of localizing national traffic routing as opposed to using international routes to accomplish Inter-ISP traffic flow. Internet Service Provider: Also known as Internet Access Provider. A company that provides infrastructure for access to the Internet, or for interconnecting other ISPs and content-based or application-based services on the Internet. Knowledge-Based Economy: An economy which is directly based on the production, distribution and use of knowledge and information. Knowledge-Based Society: A society with capabilities to identify, produce, process, transform, disseminate and use information to build and apply knowledge for human development. Local Area Network: A computer network that spans a relatively small area. Most LANs are confined to a single building or group of buildings. However, one LAN can be connected to other LANs over any distance via telephone lines and radio waves. v