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Broadband internet plays a major role in how we work and interact socially; it’s now a necessary part of life.
Asia Pacific has the fastest growing internet usage globally, with total of 1.25 billion Internet users, representing 47% of the global online population. However there’s one little problem slowing down growth. Broadband is expensive. The cost of a broadband connection in a developing economy averages 41.7% of monthly income, compared to just 2% in developed economies like Japan, South Korea and Singapore.
The Economic and Social Commission for Asia and the Pacific (Escap) is working to fix the problem.
To ease regional inequality in broadband access the Asia pacific Information Superhighway is being formed. By 2017, the initiative aims to increase the availability and affordability of broadband internet across Asia-Pacific. The broadstrokes of the plan would encompass policy making and analysis to support countries in developing a seamless information and communication space.
Asia-pacific member countries are expected to invest up to US$8 trillion on ICT infrastructure and the building of fibre-optic networks to help increase the number of internet exchange points, providing better access in the region