By Emmanuel Elebeke
A new World Bank report released, Thursday, says that while the internet, mobile phones and other digital technologies are spreading rapidly throughout the developing world, the anticipated digital dividends of higher growth is falling below expectation.
The report shows that more jobs, and better public services expected as fall out of the digital dividends have fallen short of expectations, and 60 percent of the world’s population remains excluded from the ever-expanding digital economy.
According to the new ‘World Development Report 2016: Digital Dividends,’ authored by Co-Directors, Deepak Mishra and Uwe Deichmann and team, the benefits of rapid digital expansion have been skewed towards the wealthy, skilled, and influential around the world, who are better positioned to take advantage of the new technologies.
In addition, the report revealed that, though the number of internet users worldwide has more than tripled since 2005, four billion people still lack access to the internet.
President of the World Bank Group, Jim Yong Kim, said “Digital technologies are transforming the worlds of business, work, and government.
“We must continue to connect everyone and leave no one behind because the cost of lost opportunities is enormous. But for digital dividends to be widely shared among all parts of society, countries also need to improve their business climate, invest in people’s education and health, and promote good governance,” he said.