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Internet Said to Speed Development For Poor Nations

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Internet technology drives economic growth and enables poor countries to develop at a faster pace than rich nations did, Cisco Chief Executive John Chambers, Twitter co-founder Jack Dorsey and other business leaders said on Thursday (Sept. 23).

Chambers told former U.S. President Bill Clinton's philanthropic summit in New York that an ability to collaborate on global development using Internet communication was one of the most fundamental advances since the Industrial Revolution.

"It suddenly allows us to change people's lives at tremendous speed," Chambers, whose company makes tech network equipment, told a panel discussion. "If you watch the speed of change that is now occurring its almost what used to occur in 10 years can occur in one."

From Reuters
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