Energy prices play a key role in the determination of food prices. The post-2006 boom of food prices was partly driven by higher energy costs, and the weakness in energy prices since 2014 is expected to hold food commodity prices down in the future as well.
The following post is the first in a series exploring 'internet for development,' the theme of the World Bank's upcoming World Development Report 2016.
Why should we invest in internet access in developing countries when there are more important problems like providing clean toilets? That was one of the questions posed to Vint Cerf following his recent presentation on Emerging Internet Trends that will Shape the Global Economy here at the World Bank. Vint is one of the “Fathers of the Internet”. In the 1970s he was part of a small team that developed the protocols and standards that guide the open, global communication system that we all rely on every day. Today he is Google’s Chief Internet Evangelist and a preeminent thinker about the current state and future of the internet.
Vint’s presentation was the second seminar organized by the World Development Report 2016 (WDR): Internet for Development. This World Development Report (WDR) will look at the impact of the internet – in a broad sense – on businesses, people and governments. And it will evaluate policies in the information and communication technology (ICT) sector and in complementary sectors that will help countries receive the highest social and economic returns from those investments. In his wide-ranging talk and in a meeting with the WDR team, Vint touched on all of those issues. Here are a few of his thoughts.