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Digital Transformation and Economic Development

Transformation and Economic Development

A strong correlation exists between per capita GDP of a country with its Internet penetration levels for a particular year. An R-squared value shows a statistically significant correlation.

The western developed world has successfully transformed into a digitally governed world and demonstrates a strong standard of living, high per capita income, and an overall inclusive growth throughout each country.

The predominant reason behind low Internet adoption in developing economies is the low level of overall development. In addition to addressing the issue of Internet affordability, there are several infrastructure that the governments need to build in order to embrace an Internet-led economic growth.

About this report

As of 2014, 60% of the global population did not have access to Internet, of which, 56% belonged to emerging countries. As a positive correlation between Internet proliferation and economic development has already been established, bridging this digital divide has become a pressing challenge for the emerging economies. Greater Internet adoption affects several aspects of economic development such as reduction of emissions, better education facilities, effective governance, better manufacturing facilities, and a stronger innovation ecosystem. Recent digital initiatives by some emerging regions, such as China, India, Colombia, Africa, Estonia, Sri Lanka, and so on, showcase governments’ efforts to usher in a more Internet-led economic growth.

  • Executive Summary
    • Executive Summary-Internet Penetration and Economic Growth
    • Executive Summary-Creating Environment for Bridging the Digital Divide
  • How is Internet Penetration and Economic Transformation Interlinked?
    • Globalization and Urbanization Driving Interconnectedness
    • Internet Maturity and Economic Transformation are Positively Connected
  • D.E.E.P. - K.I.C.
    • D.E.E.P.-K.I.C. as a Measure of Economic Development
    • The Global Demographic Shift
    • Smart E'CO2'nomics for Reduced Carbon Emission
    • Infrastructure Bottlenecks Affect Access to Education
    • Political Will Needed to Serve the Unbanked
      • Table E-Government Development Index (EDGI), Global, 2014
    • Bridging the Digital Divide and Economic Development
  • China
    • Challenge: Hampering Economic Development-Carbon Emissions versus GDP
    • Challenge: High CO2 Emissions in Megacities in China
    • Solution: Better E'CO2'nomics by Low Carbon Cities
    • Impact of Better ICT Adoption and Lesser CO2 Emission
  • India
    • Internet Penetration Pivotal to Rural Development in India
    • Synchronized Policy Framework Pivotal to ICT Growth
    • India's stance on Internet Economy: "Digital Bharat"
    • Guaranteeing Inclusive Growth of the Indian Economy
  • Africa
    • Bridging the Digital Divide: Africa Gaining an Edge Over China and India
    • Youth Define the African Internet Proliferation
    • African Smartphone Market Spurs Growth of ICT Across Industries
  • Colombia
    • Colombia's Challenges for Internet Adoption
    • Plan Vive Digital-Four-pronged ICT Development (2014-2018)
    • Colombia: Growth of Global Competitiveness and an ICTled Economic Growth
  • Estonia
    • Governance in Estonia
    • e-Estonia: ICT-driven Public Administration
    • Modern Day Estonia
  • Sri Lanka
    • Poverty Issues and Low Internet Coverage in Sri Lanka
  • Malaysia
    • Malaysia's Major Strides Toward Becoming a High-Income Nation by 2020
  • Conclusion and Key Takeaways

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