{"product_id":"digital-progress-and-trends-report-2023-9781464820496","title":"Digital Progress and Trends Report 2023","description":"\u003cp\u003e • Author(s): The World Bank\u003cbr\u003e • Publisher: World Bank Publications\u003cbr\u003e • Publisher Imprint: World Bank Publications\u003cbr\u003e • BISAC: Economics - General\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e Digitalization is the transformational opportunity of our time. The digital sector has become a powerhouse of innovation, economic growth, and job creation. Value added in the IT services sector grew at 8 percent annually during 2000+\"22, nearly twice as fast as the global economy. Employment growth in IT services reached 7 percent annually, six times higher than total employment growth.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e The diffusion and adoption of digital technologies are just as critical as their invention. Digital uptake has accelerated since the COVID-19 pandemic, with 1.5 billion new internet users added from 2018 to 2022. The share of firms investing in digital solutions around the world has more than doubled from 2020 to 2022.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e Low-income countries, vulnerable populations, and small firms, however, have been falling behind, while transformative digital innovations such as artificial intelligence (AI) have been accelerating in higher-income countries. Although more than 90 percent of the population in high-income countries was online in 2022, only one in four people in low-income countries used the internet, and the speed of their connection was typically only a small fraction of that in wealthier countries. As businesses in technologically advanced countries integrate generative AI into their products and services, less than half of the businesses in many low- and middle-income countries have an internet connection. The growing digital divide is exacerbating the poverty and productivity gaps between richer and poorer economies.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e The Digital Progress and Trends Report series will track global digitalization progress and highlight policy trends, debates, and implications for low- and middle-income countries. The series adds to the global efforts to study the progress and trends of digitalization in two main ways: \u003c\/p\u003e\u003cp\u003e - By compiling, curating, and analyzing data from diverse sources to present a comprehensive picture of digitalization in low- and middle-income countries, including in-depth analyses on understudied topics.\u003c\/p\u003e\u003cp\u003e - By developing insights on policy opportunities, challenges, and debates and reflecting the perspectives of various stakeholders and the World Bank's operational experiences.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e This report, the first in the series, aims to inform evidence-based policy making and motivate action among internal and external audiences and stakeholders. The report will bring global attention to high-performing countries that have valuable experience to share as well as to areas where efforts will need to be redoubled. \u003c\/p\u003e","brand":"World Bank Publications","offers":[{"title":"Paperback","offer_id":45411008544919,"sku":"9781464820496","price":3487.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781464820496.webp?v=1768583395","url":"https:\/\/atlanticbooks.com\/products\/digital-progress-and-trends-report-2023-9781464820496","provider":"Atlantic Books","version":"1.0","type":"link"}