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Hands on laptop The WEF says becoming totally wired through ICT structures can
help nations' economies
Sweden and Singapore are the most competitive countries in the digital economy,
according to a study by the World Economic Forum (WEF).
Nordic and Asian economies are best at using information and communications
technologies (ICT) to boost their growth, the WEF said.
Finland is in third place, Switzerland fourth and the United States fifth.
The WEF said ICT was "a key enabler of a more economically, environmentally and
socially sustainable world".
Innovation
It said the use of information communications technology was especially
important "in the aftermath of one of the most serious economic crises in
decades".
MOST DIGITALLY CONNECTED ECONOMIES
Source: WEF
The WEF report focuses on the power of ICT to transform society in the next
decade through modernisation and innovation.
Other highly-placed Nordic countries include Denmark in seventh spot and Norway
in ninth place, with Iceland ranked in 16th position.
Meanwhile, led by Singapore in second place, the other Asian Tiger economies
highly placed are Taiwan and South Korea in sixth and tenth position
respectively, and Hong Kong following closely in 12th.
Canada completes the top 10 in eighth position.
The report, which covers 138 economies, looks at three areas.
They are the general business, regulatory and infrastructure environment for
ICT; the readiness of the three key stakeholder sectors - individuals,
businesses and governments - to use and benefit from ICT; and the actual usage
of available ICT.