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Internet matters: The Net's sweeping impact on growth, jobs, and prosperity

Abstract: 
A quantitative assessment of the Internet's impact on the economies of G8 countries and Brazil, China, India, South Korea and Sweden. Discusses the Internet's contribution to economic growth and GDP. The United Nations' Millennium Development Goals (MDGs) include internet penetration as a way to reduce poverty and encourage development. The assessment shows a correlation between the Internet and higher living standards, job creation, economic modernization. The Internet is important to economic growth, which varies between countries. Countries with strong Internet ecosystems can "capture maximum value" of the Internet's potential. Assessment uses four indicators - e3, iGDP, i4F and McKinsey Internet Supply Leadership Index.
Author: 
Matthieu Pélissié du Rausas, James Manyika, Eric Hazan, Jacques Bughin, Michael Chui, Rémi Said
Institution: 
McKinsey Global Institute
Year: 
2013
Input By: 
Elizabeth Nigro
Affiliation: 
MIT
Region(s): 
Industry Focus: 
Information & Telecommunication
Internet & Cyberspace
Legal & Financial
Datatype(s): 
Bibliographies & Reports