The World Bank asserts that Information and Communication Technologies (ICT) are no longer a luxury for developing countries. The ICT Sector Unit at the World Bank acknowledges that the world’s Information and Communication infrastructure is creating new ways of communicating, doing business and delivering services, and is a driving force behind economic development.
Several studies have documented the growing impact of mobile technology on economic development, attributing up to an .8 percent growth in economic development to an increase of just 10 mobile subscriptions per 100 people.
Among the benefits of mobile phones for communication and data collection are real-time access to information, better market information, lower transactions costs, savings in travel costs and time spent traveling, and opportunities to improve one’s livelihood. [Read more…]