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Economic growth and development

How can the benefits of a secure cyberspace for international economic growth and development be realised?

The internet is fostering economic growth and prosperity around the world.  Banking, utility, manufacturing and retail companies increasingly rely on networked systems.

The Internet is significantly increasing consumer choice, while encouraging competition, efficiency and innovation, and opening up new markets. Cyberspace has created a multi-billion dollar industry, employing millions. Expanding our networked world is in all our interest. It is estimated that for every 10% increase in broadband penetration, global GDP will increase by an average of 1.3%.

The issues that the conference delegates will address will include:

• Striking the right balance between protection of intellectual property and access, innovation and creation of markets
• How government regulation and industry self-regulation should work together
• The importance of  transparency and predictability of regulatory and fiscal regimes, and their ability to adapt to fast-changing technologies.