The Future Is Bright

Feb 22 2012 @ 7:29am

According to Peter Diamandis and Steven Kotlerpovety:

[P]overty has been reduced more in the past 50 years than in the previous 500. One major reason is the abundance of information-and-communication technology. According to research done at the London School of Business, adding ten cell phones per hundred people raises GDP by .6 percent. To quote technology write Nicholas Sullivan on this matter: “extrapolating from UN figures on poverty reduction (1 percent GDP growth results in a 2 percent poverty reduction), that.0.6 percent growth would cut poverty by roughly 1.2 percent. Given 4 billion people in poverty, that means with every 10 new phones per 100 people, 48 million people graduate from poverty.”