Fwd: The Economist | digitization and GDP growth.
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] Sent from *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 Sent from my iPad -- Paul Kukubo Chief Executive Officer, Kenya ICT Board PO Box 27150 - 00100 Nairobi, Kenya 12th Floor, Teleposta Towers Koinange Street Tel +254 20 2089061, +254 20 2211960 Fax: +254 20 2211962 website: www.ict.go.ke local content project: www.tandaa.co.ke, www.facebook.com/tandaakenya twitter:@tandaaKENYA BPO Project: www. doitinkenya.co.ke Digital Villages Project: www.pasha.co.ke personal contacts _______________ Cell: + 254 717 180001 skype: kukubopaul googletalk: pkukubo personal blog: www.paulkukubo.co.ke personal twitter: @pkukubo ____________________ Vision: Kenya becomes a top ten global ICT hub Mission: To champion and actively enable Kenya to adopt and exploit ICT, through promotion of partnerships, investments and infrastructure growth for socio economic enrichment
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Paul Kukubo