In countries with low connectivity, it is possible to increase GDP by 20 percent
The Economist Intelligence Unit (EIU) recently released a report in support of Ericsson (Nasdaq: Eric). It shows that by connecting schools in countries with limited broadband connections to the Internet, it is possible to increase the GDP of those countries by up to 20 percent.
Both the World Economic Forum's Global Competitiveness Index (2016) and the World Bank's Human Capital Index (2016) clearly state the relationship between access to the Internet and the quality of education.
EIU's analysis also found that for every 10 percent increase in school connectivity in a country, per capita GDP could grow by 1.1 percent. The EIU report shows how school connectivity can bring benefits to education and play a leading role in creating enriched career opportunities for children; In addition, it will contribute to economic development and the development of communities.According to the report, such facilities for children at the individual level will play a helpful role in ensuring high income, improved health care, and the well-being of the country as a whole. These facilities will play a leading role in the development and economic advancement of society in a big way besides the development of children. The report recommends that the combined efforts of global government, private, and NGO sector leaders to eliminate digital inequality by transforming Internet connectivity into a global reality for school children of all ages could make a dramatic difference.
Following this, Ericsson is urging stakeholders to support Giga, a school connectivity initiative established by UNICEF and the International Telecommunication Union. Relevant partners can be involved in these initiatives through these activities to create sustainable business models for financial grants, information provision, technical expertise, and connectivity.
Ericsson will continue its efforts in this regard through a three-year partnership with UNICEF to address the disparity in school connectivity in 35 countries. Heather Johnson, Ericsson's Vice President of Sustainability and Corporate Responsibility, said: This initiative will have a positive impact on reducing digital disparities between countries for a bright and promising future for children around the world. ”
He added that the report clearly shows that partnership between business, government, and NGO sector leaders will play a significant role in taking effective steps to address the issue and positively impact people's lives. No matter how big or small, every stakeholder in the sector can play a role in bringing about positive change.
“Together we are mapping schools around the world to identify connectivity disparities in communities,” said Charlotte Petri-Gornizka, Deputy Executive Director of the UNICEF Partnership. Partnerships are critical to connecting schools to the Internet and ensuring quality digital education; This is the key to achieving the goal. Through this, every child and youth will be able to move forward towards a bright future.
Visit www.gigaconnect.org to get involved and learn more
About Ericsson’s partnership with UNICEF
Connecting Learners: Narrowing the Educational Divide report, pages 80-95.
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