In Section 3 of the World Bank’s report on ‘The Role of Mobile Phones in Sustainable Rural Poverty Reduction’ statistics are provided on the impact mobile has on rural markets. The research in this report finds that fiber infrastructure directly relates to GDP growth, job creation, productivity, tax revenue as well as social benefits, such as entrepreneurship and job searches, transport and even education, health and disaster relief. The report outlines the true need and direct measurable benefits of new infrastructure.
The statistics of this report are further supplemented by a recent article in Business Week featuring Alcatel Lucent’s CEO, Ben Verwaayen. The article quotes Verwaayen as saying:
“They (Asia) are building a physical infrastructure that allows people, wherever they are, to participate in the global digital economy. That will give them an enormous advantage in the years to come.”
In essence, Verwaayen states that Asia is ahead of Europe in terms of deploying fiber infrastructure, and therefore has an “enormous advantage in the years to come.” This same statement would be 100% true if the word “Europe” was swapped with “US.” What countries like Asia and Africa realize is that the World Bank report statistics are true, and by building new infrastructure today they are bettering their economies for tomorrow. The US must invest and build fiber infrastructure in the same way to remain a competitive player in the global economy.