[kictanet] Fwd: The Economist | digitization and GDP growth.

[Paul Kukubo]

Listers (crossposting an important article)

 [image: The Economist] <http://www.economist.com/>
  Free exchange
Silicon sally <http://www.economist.com/node/21556221?frsc=dg%7Ca>
Growth through digitisation requires more than faster broadband connections

DO DIGITAL economies grow faster than analogue ones? Rich-country leaders
seem to think so. G7 and European Union governments are committed to a
variety of digital stimulus packages; Australia, the biggest spender, has
promised broadband investment of $33.4 billion (or 3% of GDP) to connect
90% of homes at ultra-fast speeds. “Digitisation” involves adopting
technologies like wireless phones and internet access to generate, process
and share information. It seems to make sense that replacing slow
technologies with faster ones might speed up sluggish economies. But does
the case for investment stack up?
See full article <http://www.economist.com/node/21556221?frsc=dg%7Ca>
  [image: The Economist on iPad]
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*The Economist on iPad <http://www.economist.com/apps>*
See our digital and mobile products <http://www.economist.com/digital>

Listers

Interesting article. If you read nothing else from it at least take this
out; "Analysis finds that digitisation on its own is not enough. Faster
information boots output only when matched with astute ways of interpreting
and acting on new data"

US firms tend to have more IT that comparable EU ones, and are better at
squeezing productivity out of it." This is largely due to performance based
management culture.

No debate however that at an aggregate level, digitization boosts GDP
growth rates.

Paul Kukubo
CEO Kenya ICT Board
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