Bridging the ‘information gap’ to boost economic opportunity

[Commentary] Some sectors have learned to exploit the explosive possibilities of digital tools, while others by and large have not. I call this the “information gap.” The upshot is that information technologies have not lost their power and can in fact lead to a productivity resurgence. These results reinforce our hypothesis that a more rapid diffusion of information technology into the physical industries, such as healthcare, education, transportation, manufacturing, and energy, could substantially boost innovation and incomes in these sectors.

Cloud computing and 5G wireless networks are thus foundational platforms to increase economic opportunity to more people in more places.

[Bret Swanson is concurrently president of Entropy Economics LLC.]