World Bank data also indicate that the cost of broadband services in the region is close to three times the price in the US and seven times the price in the UK. 2  BIS central bankers’ speeches  Technology played an important role in the take-off of Singapore, Cyprus, Mauritius and other successful small economies by making business and government services more efficient.
A concentrated focus on technological development will greatly facilitate business competitiveness in the region. In addition to business facilitation, regional governments could contribute to the resurgence of the private sector through disciplined management of the public finances. And this has many aspects.