Digital Opportunities in African Businesses - (International Finance Corporation Research) by Marcio Cruz (Paperback)

About the Book

The International Finance Corporation identifies how shortfalls in African firms? adoption and use of digital technologies prevent them from realizing their full potential, and how the private sector can help resolve the region's ?incomplete digitalization, ? harnessing the investment opportunities it presents.

Book Synopsis

Adoption of digital technologies is widely acknowledged to boost productivity and employment, stimulate investment, and promote growth and development. Africa has already benefited from a rapid diffusion of information and communications technology, characterized by the widespread adoption of mobile phones. However, access to and use of digital technology among firms is uneven in the region, varying not just among countries but also within them. Consequently, African businesses may not be reaping the full potential benefits offered by ongoing improvements in digital infrastructure. Using rich datasets, Digital Opportunities in African Businesses offers a new understanding of the region's incomplete digitalization--namely, shortfalls in the adoption and effective use of digital technology by firms to perform productive tasks. The research presented here also highlights the challenges in addressing incomplete digitalization, finding that the cost of machinery, equipment, and software, as well as the cost of connectivity to the internet, is significantly more expensive in Africa than elsewhere. Digital Opportunities in African Businesses outlines ways in which the private sector, with support from policy makers, international institutions, and regulators, can help bring down these costs, stimulating more widespread digitalization of the region's firms, thereby boosting productivity and, by extension, economic development. This book will be relevant to anyone with an interest in furthering digitalization across Africa. --------------------- It is clear that new digital technologies are opening up new opportunities for economic growth. But will African firms be able to take advantage of them? If so, how? To gain traction on these questions, we first need careful empirical research on what firms are currently doing, and rigorous thinking about what is getting in the way of greater adoption. This book delivers on both dimensions. It marries carefully collected new evidence with thoughtful, no-nonsense analysis of firm behavior and how markets are evolving. It is highly recommended reading for researchers and policymakers alike. -- Eric Verhoogen, Professor of International and Public Affairs and of Economics, Columbia University

About the Author

The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization's activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.