Internet matters: The Net's sweeping impact on growth, jobs, and prosperity

The McKinsey Global Institute presents a study on the critical impact of the Internet on the GDP. Embrace the digital reality: two billion people are connected to the Internet. Almost $8 trillion exchange hands each year through e-commerce. In some developed markets, about two-thirds of all businesses have a Web presence of some kind, and one-third of small and medium-sized businesses extensively use Web technologies. The Internet has transformed the way we live, the way we work, the way we socialize and meet, and the way our countries develop and grow. In two decades, the Internet has changed from a network for researchers and geeks to a day-to-day reality for billions of people.

The research study "Internet matters: The Nets sweeping impact on growth, jobs, and prosperity" sheds new light on this revolution and helps explain the direct link between the Internet and economic vitality.