Internet to foster economic growth in developing nations
By siliconindia   |   Friday, 24 September 2010, 15:39 IST   |    1 Comments
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Internet to foster economic growth in developing nations
Bangalore: An ability to collaborate on global development using Internet communication was one of the most fundamental advances since the Industrial Revolution. Internet technology will be the next area that drives economic growth and enables poor countries to develop at a faster pace than rich nations. Cisco Chief Executive John Chambers, Twitter co-founder Jack Dorsey and other business leaders agreed to it at the Chambers of former U.S. President Bill Clinton's philanthropic summit in New York. Twitter Chairman Dorsey said that social networking sites allowed one person's view or advice to become global and noted that the technology was so simple and inexpensive "that anyone can access it. because there was so much information available discovering what's the most important and what's relevant is one of the biggest challenges of technology. Ratan Tata, Chairman of India's oldest conglomerate Tata Sons said, "Technology is going to be very much the enabler and the driver of changing the quality of life and changing the level of livelihood of people around the world." To attend Clinton's meeting, commitments must be made to tackle economic empowerment, education, environment and energy, and health. More than 300 pledges valued at more than $6 billion have been made so far this year.

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