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Emerging Internet Trends that will Shape the Global Economy




Date: Monday, July 14th, 2014
Time: 12:30 p.m. - 2:00 p.m. ET (16:30 – 18:00 GMT or convert time)
Location: Online

Students from Tonga's Tailulu College making the most of new high-speed broadband services at 2013 World Telecommunication and Information Society Day celebrations in the the Tongan capital, Nuku'alofa. Nukua'lofa, Tonga. Photo: Tom Perry / World Bank


There are about 2.8 billion Internet users worldwide, about a third of them in developing countries. Worldwide, the Internet has greatly changed the way in which many people work, play, communicate, and consume. It is helping firms to create new products and expand to new markets. And it enables governments to provide better services more cheaply.

Continuing technical advances and falling costs mean that many more people will be able to go online in the future and that a rising share of activities and services will be facilitated by the Internet. Broadband access and mobile applications are still limited in many developing countries, but growing fast.

At the same time, the Internet, which was designed as an open and global resource, is facing a number of threats. They include the possible balkanization of the Internet into several sub-networks (what Google chairman Eric Schmidt called the “splinternet”), rising concerns about cybercrime, and the trade-offs between privacy concerns and the risks of excessive anonymity.

These issues raise difficult questions about the Internet’s future contribution to economic growth and whether low and middle income countries will be able to leverage the Internet to catch up with wealthier nations.

Based on his decades of experience, the well-known Internet pioneer Vinton G. Cerf will talk about the major emerging trends and threats about the Internet that will dramatically shape the global economy, followed by a townhall style conversation with World Bank Chief Economist Kaushik Basu and an opportunity for Q&A.

This is a World Development Report 2016: Internet for Development seminar series.

Learn more about the World Development Report 2016



Featuring

Vice President & Chief Internet Evangelist, Google
Senior Vice President and Chief Economist, World Bank Group
Read what others are asking
Curious
United States
How will the emergence of cryptocurrencies such as Bitcoin and Ripple affect global economy and global commerce? Should governments and central banks of the world feel threatened by them? And if they do, do you think they have the means to stop their use?
Stella Emmanuel
United Kingdom
With increased internet and mobile penetration globally, are there any specific countries with success stories in the implementation of Internet-based Patient Health Self-care that other (developing) nations may 'borrow a leaf' from?
Joseph Wright
United States
What role do you see mobile banking and emerging payment systems such as virtual currencies playing in developing countries over the next decade?
Ellen Olafsen
Norway
What do you make of the so-called "internet of things" as an economic opportunity for developing country entrepreneurs?
Greg Schuckman
United States
As the Internet continues to penetrate developing countries, postsecondary educational opportunities from a range of providers will undoubtedly increase for those citizens (as well as others from developed countries). Given this globalization of higher education, do you foresee a movement toward certifying the attainment of a particular skill-set as opposed to awarding traditional credentials (degrees)? We already have certifications for specific computer credentials that are universal (Cisco, Microsoft, Maya, etc.) but not for skills such as project management, accounting, leadership studies, etc. Where other skills are universal, do you think multinational corporations/organizations would prefer an employee to earn a certification of those skills as opposed to our current system of credentialing?
Srinivas
India
Will internet reach a stage of more than half commercial transactions - goods and services - are done only on the web instead of face-to-face by 2030? This in my opinion would signficantly help the less developed nations catch up with the richer and more developed World.
Dr. Ashish Manohar Urkude
India
At the rate, the technology is up grading and developing, it is estimated that, by 2018 A.D. Almost 99% i.e. all the cellphone technologies used now will be outdated. Internet and E-Commerce and Social Sites will also grow. However, the e-junk and e-waste will increase. How to tackle it? Hope you'll touch this point...