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How closing the digital divide can improve the global economic outlook for 2023 and beyond

At the last B20 Summit (the business arm of the G20 Summit) in Bali, I had the privilege of leading a panel to discuss growth, innovation, and inclusivity with CEOs and other leaders from around the world. I was pleased to see the leaders I met didn’t share the gloomy outlook that’s prevalent in the media. Instead, they were focused on growth opportunities, partnerships and alliances, sustainability, and the role of technology in driving reinvention.

The session I led took up the topic of the digital divide and its effect on growth. The panel agreed that companies and governments must recognize the unique opportunity before us to ensure future growth by giving more people access to the internet.

Currently, 2.7 billion people around the world remain disconnected from the internet, despite the uptake in connectivity during the pandemic. According to research from the UN, a 10% increase in the penetration of mobile broadband…

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