World Bank: IT investments can pay off

November 11, 2005

The World Bank said Friday that investments in building up an information society can pay off if the risks are managed carefully.

In a report entitled "E-Development: From Excitement to Effectiveness," the agency found that institutional reforms and other strategies must go hand-in-hand if technological investments are to reap in rewards.

"The record of e-government projects in both developed and developing countries has been mixed," said Robert Schware, editor of the report, in a news release. "While e-government applications can be useful tools for improving governance and the quality of life of citizens, a lot can go wrong along the way."

In addition, the bank reported that the digital divide is "very much part of the broader development divide."

Copyright 2005 by United Press International

Related Stories

Recommended for you

Drought's lasting impact on forests

July 30, 2015

In the virtual worlds of climate modeling, forests and other vegetation are assumed to bounce back quickly from extreme drought. But that assumption is far off the mark, according to a new study of drought impacts at forest ...

Model shows how surge in wealth inequality may be reversed

July 30, 2015

(Phys.org)—For many Americans, the single biggest problem facing the country is the growing wealth inequality. Based on income tax data, wealth inequality in the US has steadily increased since the mid-1980s, with the top ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.