Tackling Technological Inequalities: How Bridging the Digital Divide Can Enhance Progress in Developing Countries

Abstract

In a year in which many activities have moved online due to the pandemic, digital devices have proven more important than ever, once again emphasizing the crucial role of technology as a force of progress. However, there exists a technological divide that benefits high-income nations, leaving behinddeveloping countries and reinforcing existing gaps in income and resources. As such, the digital divide represents one of the principal challenges to the development of lower-income countries. Corporations, as part of the international community, have the resources and capacities to developprofitable models that bridge the digital divide. Through boosting technological diffusion, access, and usage, firms can improve the educational, health, and economic outcomes of developing countries all while attaining financial gains.