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Developing Countries Urged to Build "Digital Silkroad"
Mohamed V. Muhsin, vice-president & Chief Information Officer of the World Bank, Thursday called on developing countries to seize the opportunity of Internet economy to emerge themselves into the global economy.
Mohamed V. Muhsin said at an International Symposium on Internet Economy and Economic Governance that globalization and Internet development are "irreversible trends" that provide China with unprecedented opportunities as well as dire challenges.
"Developing countries must create a complete set of economic and social development strategies to survive in the globalizing economy and be adaptable to the new Internet world," he said.
He said if it is the greatest challenge for developing countries to ensure all people, especially the poor, get their due rewards from the global Internet, and avoid being left out of the global economy.
The World Bank is always bent on helping developing countries to enjoy the benefits of the Internet. In the future, the bank will provide 700 million U.S. dollars each year to developing countries to help them speed up Internet development.
Three quarters of the funding will be used in technological renovation, and the rest will be channeled into improving the educational system via technological means, he added.
Experts predict that with the rapid development of Internet economy, a majority of Internet users will come from countries other than North America and Europe in five years.
"The fast development of China testifies to the fact that knowledge and culture could be shared by the world through ancient silkroad," he said.
As the fastest developing country in the world, China's dedication to developing Internet technology is worth learning from by other developing countries, he noted.
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