Last Updated on Apr 1, 2020 by James W
The internet has revolutionized our lives. Even if you don’t sit at your computer all day for work, you will almost certainly have been affected by the internet. Maybe in both good and bad ways. One of the best things about the internet is that it has helped the world become much richer. Not too convinced by that? Here are some ways that you might not realize our pockets have benefitted from us being online.
It’s Made Business Much Easier
These days, all our trading and deal making are done online. The internet has made it much easier for companies to work together, especially international ones. And because of this, more and more international trade agreements can be set up. There are also so many new online programs and software that make day-to-day business life extremely easier than it was a couple of decades ago. For example, sales enablement is the newest strategy to maximizing conversions within buisnesses.
The GDP Has Increased
Over the past few years, the internet has helped the average GDP increase steadily. In 2009, the GDP was only at +1.4%. However, today it is at a comfortable +3-4%. Many people believe that the internet has been having a positive effect on this as it has allowed e-commerce businesses to boom. And now that mobile technology is taking the internet to a wider audience, this positive trend will only continue.
People Can Find Work To Suit Them
These days, people don’t have to work in a nine to five job. Thanks to the internet, people are now able to work from home in flexible jobs. And that means they can work at times that suit them the best. This is especially good news for stay at home moms or people who suffer from chronic illnesses. Instead of claiming benefits, they can now work from home at times convenient to them.
There Are More Emerging Markets Than Ever Before
The internet has created more emerging markets. Much more than we have ever experienced before. These include website development and app building. And thanks to the speed at which technology is now developing, more and more of these markets are set to come in the future. With every new development in tech, more people will need to be employed. And this creates new jobs which are ultimately a good thing for the economy.
Asia-Pacific Markets Have Increased
In recent years, the Asia-Pacific markets have seen an increase in value. And this wouldn’t have happened without the internet. China is now one of the biggest players in e-commerce, and South Korea is not too far behind. Fast internet connections and dense city populations are key to Asia-Pacific countries’ success. These factors make them hotbeds of online success.
It is hard to tell where we would be right now if it weren’t for the internet. One popular theory is that the world’s economy wouldn’t be quite as strong as it is today. So the creation of the internet is one thing we should all be glad about. Especially when it comes to our finances!