In: Economics
How does high GDP correlate with high Internet connectivity?
Hgh GDP correlate with high Internet connectivity as better GDP through internet connectivity
The good Internet connectivity will produce vital cost savings in many feild and sectors of the economy, which will resulting and developing in faster and quick productivity growth of the economy . High Internet connectivity also produce lower prices for consumers, helping in faster and rapid growth in living standards.
The connection between Internet connectivity & economic development are correlatable as Internet access is clearly a function of economic development, there is a positive contribution of high Internet connectivity to job creation in developed and developing countries.The development of mobile and fixed internet networks is fuelled by banking, education, oil, gas, and manufacturing sectors. Which will increase the GDP growth of an econmy. Many countries reduce the cost of Internet and also bring high speed internet connectivity."Doubling internet speeds for an economy will add more percent to GDP growth." For example Germany (0.3%) growth in GDP from high Internet connectivity.
So we can say that Better and higher GDP with higher internet connectivity:.