We are undergoing profound technological change and countries all over the world are responding by developing policies that are intended to shape the development of information societies. The goals of these policies are remarkably similar, although it is possible to identify differences in the motivating factors. When considering the mechanisms that have been chosen to achieve the policy goals, it is possible to identify two broadly divergent models. One is based on neo‐liberal economic philosophies and emphasises the importance of market‐led solutions, exploiting private capital. This approach has been adopted by the G7 nations, the European Union and Western‐oriented economies such as Australia. The alternative model can be described as dirigiste. It is based on a much greater degree of intervention and, consequently, places more emphasis on the role of the state as a participant rather than as a facilitator. This approach is characteristic of the economies in East Asia. While it is early yet to identify the effects of the policies, it is possible to discern differences in the rates of social change and economic growth; the degree of stability and social cohesion and in what is becoming known as the cultural ecology of the information society. The broad lesson seems to be that, when dealing with a pervasive social, political, economic and cultural phenomenon, neo‐liberal policy mechanisms with their emphasis on narrow economic solutions are inadequate. The holistic approach that is characterised by the dirigiste model seems more appropriate.