The advent of modern Information and Communication Technologies (ICT) and the establishment of a global Information Society" are forcing countries of all shapes and sizes to take a fresh look on their development agendas. In order to tackle the challenging task of integrating the Information Society paradigm appropriately in to the development agenda, this paper proposes a conceptual framework to discuss and analyze the complex issues and challenges related to subject. Basing on an extensive study about the actual situation of the emerging Information Society in Latin America and the Caribbean that ECLAC carried out during 2000-2002, the second part of this paper aims at creating an adequate policy agenda, considering the various particularities that the region confronts on its path into the digital age."