Global internet inclusion could lift 500 million out of poverty and increase global economic activity by $6.7 trillion, according to a report. Connecting the 4.1 billion people currently outside the digital economy will be no easy feat however, as prohibitive costs and barriers from a range of factors would need to be overcome.
The internet provides, among others, a means for people to easily access services, find information and educational resources and stay in contact with work and their social networks – although misinformation is a growing problem. The rapid expansion of the internet within Western economies has brought about wide ranging transformations of services, as well as boosting economic activity across the board. According to an analysis by BCG conducted last year, the internet economy of the G-20 is now worth $4.2 trillion.