Emerging Markets Have The Highest Cell Phone Growth
Developing countries have the highest growth in mobile phone growth as per an article titled Dial Growth in the latest edition of Finance and Development magazine of IMF.
From the article:
“Just a decade ago, there were still some countries with no mobile service at all. Since then, wireless telephone coverage has enveloped the globe. Mobile phone subscriptions have skyrocketed from 1 billion in 2002 to an estimated 4.1 billion by the end of 2008, covering more than half of the world’s population. The fastest growth rates have been in low-income countries. In Africa mobile phone penetration has soared from just 1 in 50 people at the turn of the century to 28 percent.
The World Bank (2009b) says this growth has been driven primarily by new wireless technologies and liberalization of telecommunications markets, which enabled faster and less costly network rollout. The total number of mobile phones in the world surpassed the number of fixed-line telephones in 2002; and mobile phones now represent the world’s largest distribution platform.”
Charts:
Source: Finance & Development, September 2009, IMF
The article talks about how cell phones are changing lives in many African and other developing countries.
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