The Broadband Economy - How Satellites Make a Better World
Published on Sep 24, 2015
Broadband today costs, on average, a full month’s wages in developing nations, according to a 2013 report on broadband deployment in Africa. In developed countries, the average is just 1.5% of monthly income.
That is one reason that only 40% of the world’ people are online. And this lack of connectivity translates, in ways large and small. For every 10% increase in broadband penetration, the OECD has documented a 0.9 to 1.5 percent increase in the growth of gross domestic product (GDP). The World Bank has tracked a similar impact - an additional 1.38% in GDP growth – in low and middle-income countries.
Repeat that kind of additional growth year after year, and the impact on standards of living can be stunning. According to McKinsey & Company, if the Internet were an industrial sector, it would already be bigger than agriculture or energy. If it were a country, the Web would have a larger GDP than Spain or Canada and be growing faster than the GDP of Brazil.
Read the rest of this story and more like it here: http://www.bettersatelliteworld.com/#...
Published on Sep 24, 2015
Broadband today costs, on average, a full month’s wages in developing nations, according to a 2013 report on broadband deployment in Africa. In developed countries, the average is just 1.5% of monthly income.
That is one reason that only 40% of the world’ people are online. And this lack of connectivity translates, in ways large and small. For every 10% increase in broadband penetration, the OECD has documented a 0.9 to 1.5 percent increase in the growth of gross domestic product (GDP). The World Bank has tracked a similar impact - an additional 1.38% in GDP growth – in low and middle-income countries.
Repeat that kind of additional growth year after year, and the impact on standards of living can be stunning. According to McKinsey & Company, if the Internet were an industrial sector, it would already be bigger than agriculture or energy. If it were a country, the Web would have a larger GDP than Spain or Canada and be growing faster than the GDP of Brazil.
Read the rest of this story and more like it here: http://www.bettersatelliteworld.com/#...