Regulators: Innovation vital in driving ICT growth in developing economies
An innovation-oriented mindset that seeks out new approaches to regulation and traditional challenges such as infrastructure funding, service delivery, and taxation of ICT goods and services, will be key for developing economies to drive growth, a key global meeting of regulators has identified.
The International Telecommunication Union’s Global Symposium for Regulators (GSR-15), the world’s largest specialised gathering of ICT regulators and policy specialists from the public and private sectors, reached this conclusion at its recent meeting held in Libreville, Gabon
The regulators stressed that promoting digital inclusion and closing the ‘digital gap’ between a handful of highly industrialised economies and the world’s many emerging markets and developing economies will require innovative approach to regulation.
The meeting, which was chaired by Lin Mombo, President of Gabon’s ICT regulator, the Autorité de Régulations des Communications Electroniques et des Postes (ARCEP) and co-hosted by ITU and ARCEP, under the patronage of Mr Ali Bongo Ondimba, President of Gabon welcomed around 400 senior international policy makers from over 60 countries, representing the world’s information and communication technology (ICT) regulatory authorities and leading tech companies. Strategies to accelerate digital inclusion to leverage the growth potential of emerging economies and developing markets were a key focus of discussions.
[blockquote right=”pull-right” cite=”Houlin Zhao, Secretary-General of ITU”]“Young people are natural innovators, and today’s youth are also ‘digital natives’ – using ICTs to solve problems and create useful new services comes naturally to them, so they can become major drivers of socio-economic change…Far-sighted governments should look to ways of harnessing this energy and creativity to transform their economies through ICTs and help bridge the digital gap.” [/blockquote]