Role of ICTs in Socioeconomic Development and Poverty Reduction

Abstract

Information and Communication Technologies (ICTs) are often promoted as central to reviving and sustaining regional communities. Apart from these, the revolutionary feature of modern ICTs—mainly the Internet and mobile telephony—facilitate low cost and speedy interaction among network participants. In this context, knowledge and information are fundamental for facilitating rural development and bringing about social and economic escalation. Nowadays, ICTs are universally acknowledged as powerful tools for development. At the same time, ICTs are seemingly essential to social development and economic growth. In recent years, the process of ICTs has been influencing the socioeconomic context in many countries. Despite that, in many countries a significant proportion of the population does not have access to clean water, sanitation, basic health services and proper education; ICTs provide novel opportunities for information interchange and technology transfer. This chapter looks into critical aspects of ICTs in raising socioeconomic development in underdeveloped countries and tries to illustrate success cases in developed countries that can be replicated in developing countries to reduce poverty. Emphasis has been given to analyze the role of ICTs in poverty reduction processes upholding regional developments. Enactment of ICTs has been elaborately discussed for the uplift of community and it has been observed that solving common causes for common citizens needs strategic implementation of policies at the central core and pragmatic implementation of actions at the grass roots. Simultaneously, this chapter discusses various critical aspects of the development processes to achieve good governance that is vital for sustainable development. However, as ingredients for uplift through ICTs, institutional approaches in various forms have been found to be extremely effective for socioeconomic development and at the same time for regional developments.