Internet and global growth

In advance of the London Conference on Cyberspace, the McKinsey Global Institute has produced a short paper examining how the Internet acts as a driver of job creation and economic growth.

Entitled The Great Transformer: The impact of the Internet on economic growth and prosperity, the paper looks at a range of issues including: the contribution of the Internet to GDP growth; future trends in technology and business models; and the policy frameworks needed to maximise the potential for Internet-led growth.

On the launch of the report, Andrew Wilson, Director of Policy at ICC UK, said: ?The report underscores the extent to which the Internet is now driving GDP growth in advanced and developing economies alike.

?In the current climate, it?s vital that governments adopt policy frameworks which enhance online opportunity and entrepreneurship. The McKinsey research sets out a compelling basis for measures to improve investment in network infrastructure and promote Internet-related human capital.

“Our ambition for the London Conference is to establish a common international vision in some of these areas.?

The report can also be downloaded from the McKinsey Global Institute website. Further information on the London Conference is available on our digital business page; as well as in previous blog posts.

McKinsey: Internet - The Great Transformer