Accessibility links

Breaking News

World Bank:  Internet, Mobile Phones Key to Growth

A World Bank report said access to affordable high-speed Internet and mobile phone services are key to economic growth in developing countries.

The report released Tuesday found that for every 10 percent increase in high speed Internet connections, there is a 1.3 percent increase in economic growth.

The study said mobile phones are the single most powerful way to reach and deliver public and private services to people in remote and rural areas in developing countries.

It also said broadband Internet is the foundation for local information technology (IT) services. The World Bank said these services create youth employment, increase productivity and exports and promote social inclusion.

The report said evidence from Brazil, Ghana and India shows that governments using modern Internet technology can become more efficient, transparent and responsive.

Some information for this report was provided by AFP.