Why every village, town and city should offer “Commoditized Broadband” instead of free rice, sops and Billion Dollar loan write-offs?
Insight. Because it then connects in a grid people to markets, markets to people and people to people. This is a force multiplier as an economic engine.The rest is in the data.
* An increase in 10% penetration can increase GDP by over 1.3%
* Hundreds of thousands of jobs
* New marketplace opportunities for entrepreneurs
* Services that are critical to inclusion, education, healthcare, banking and finance, commerce, governance, etc.
GSMA and Deloitte release comprehensive research into the impact of mobile telephony on economic growth
Mobile offers unprecedented economic growth opportunity globally
Key findings of the report include:
- A doubling of mobile data use leads to an increase of 0.5 percentage points in the GDP per capita growth rate across the 14 countries;
- Countries characterised by a higher level of data usage per 3G connection have seen an increase in their GDP per capita growth of up to 1.4 percentage points;
- A 10 per cent rise from 2G to 3G penetration increases GDP per capita growth by 0.15 percentage points; and
- In developing markets, a 10 per cent expansion in mobile penetration increases productivity by 4.2 percentage points.
Conclusion: Here is a startup opportunity to disrupt incumbents via new business models.
- Africa falling behind in broadband access (observer.org.sz)
- Internet speed affect family member income (titaniumbar.wordpress.com)
- Economic Development Equals Broadband Connectivity…. (onpurposemagazine.com)
- Driving economic growth through digital inclusion (helenmilner.com)
- Formal Broadband Plans Spur Economic and Social Development (blogs.cisco.com)
- Study finds that better Internet access drives economic growth (rawstory.com)