Disrupting development with digital technologies

Kemal Derviş at Brookings: “The emergence of a new digital economy is changing the ways in which businesses and development organizations engage in emerging and developing countries. Transaction costs have been radically driven down, enabling greater inclusion. And technology is driving efficiency improvements, and permitting rapid scaling-up and transformational change.

Three trends in particular have the potential to redefine how global development occurs and how efforts will support it over the next 10 years: (1) the growing adoption of digital payments serving people everywhere with near-frictionless transactions; (2) the spread of Internet connectivity and digital literacy; and (3) the harnessing of data to better serve the poor and to generate new knowledge….. Brookings commissioned six essays …present some of the most current information and thinking on what might be termed “digital disruption,” we are making them publicly available to stimulate wider discussion. The six essays and their authors are: