Policymakers around the world have been asking for years how to create “the next Silicon Valley.” This is understandable: in the digital economy, they see leadership in information and communications technologies (ICT) as the key to boosting competitiveness, spurring growth, and creating jobs. But while policymakers’ general instinct is right, their specific question is based on the wrong premise. Since the turn of the millennium, using ICT has created much more growth than producing ICT.
This is good news for policymakers, because it is much easier to expand ICT use than it is to build the next Silicon Valley. This “pocket guide” provides a concise, easy-to-use road map for policymakers around the world, built around three themes: keeping prices low, keeping demand high, and strengthening key enabling factors across the public and private sectors.