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Digital divide stalling growth in emerging markets
Digital divide stalling growth in emerging markets

Digital divide stalling growth in emerging markets

MARKETING NEWS

Apr 29th 2014, 10:51

The World Economic Forum has declared that the increasing digital divide between the connected and the under connected nations across the globe is stalling the progress of emerging and developing nations. 

The 2014 Global IT report, the 13th in the series, expressed worry over the development saying that such situation puts the emerging nations at risk of missing out on many positive impacts ICT brings. These include information and communication on: increased innovation, economic competitiveness, and greater social inclusion.

It said addressing the new digital divide among the networked and the under networked nations remains key for balancing growth in the global economy. It points out that little progress is being made to bridge the digital divide between technology savvy nations and tose that are not.

One of the key findings of the report is that countries cannot only rely on ICT infrastructure development to become competitive. Rather, the benefits of ICT can only be fully derived when a country implements a holistic strategy that will create conditions for skills, innovation and entrepreneurship to flourish alongside modern infrastructure.

Published under the theme, “Rewards and Risks of Big Data”, the report’s Networked Readiness Index, NRI measures the capacity of 148 economies to leverage ICT for growth and well-being. It finds consistency at the top end of the rankings this year, with Finland first, Singapore second and Sweden third.© 2014 Vanguard Media Limited, Nigeria 

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