The Technology Divide is narrowing.
This from the Economist, (all bold highlights mine)
``MOBILE phones have proved to be a boon for the poor world. An extra ten mobile phones per 100 people in a typical developing country boosts growth in GDP per person by 0.8 percentage points, according to a recent study. Mobile-phone subscriptions in poorer countries accounted for just a quarter of the global stock in 2000, but had risen to three-quarters of the 4 billion total by the start of this year. The next challenge is to expand the use of mobile technology to access the internet. Despite huge strides in producing cheap netbooks that connect via mobile networks, the mobile phone may still provide the cheapest way to access the internet in the developing world."
Communications functions as vital instrument in the dissemination of information from which establishes money prices via choice, action and coordination.
Hence, the trend of wider adoption of technology in emerging markets signifies of the prospects of enhanced productivity and much improved market efficiencies to a broader segment of world population. This should translate to more capital accumulation and upliftment of economic status for many.
If we should “follow the money” to ascertain rewarding investment themes then mobile and internet use could serve as great indicators for economic growth.
This from the Economist, (all bold highlights mine)
``MOBILE phones have proved to be a boon for the poor world. An extra ten mobile phones per 100 people in a typical developing country boosts growth in GDP per person by 0.8 percentage points, according to a recent study. Mobile-phone subscriptions in poorer countries accounted for just a quarter of the global stock in 2000, but had risen to three-quarters of the 4 billion total by the start of this year. The next challenge is to expand the use of mobile technology to access the internet. Despite huge strides in producing cheap netbooks that connect via mobile networks, the mobile phone may still provide the cheapest way to access the internet in the developing world."
Communications functions as vital instrument in the dissemination of information from which establishes money prices via choice, action and coordination.
Hence, the trend of wider adoption of technology in emerging markets signifies of the prospects of enhanced productivity and much improved market efficiencies to a broader segment of world population. This should translate to more capital accumulation and upliftment of economic status for many.
If we should “follow the money” to ascertain rewarding investment themes then mobile and internet use could serve as great indicators for economic growth.
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