There are a number of potential mechanisms through which Internet use positively affects economic outcomes. Access to the Internet increases the flow of information, which reduces distances between people, businesses and nations, reducing transactions and transportation costs. Technological progress depends on the exchange of ideas and information. Social media has important effects on economic outcomes, including driving innovation, and one of the fastest growing forms of communication on the Internet is websites with social networking features such as Facebook . With increased availability of information, ensured by access to the Internet, institutions could become more efficient and transparent, leading to better governance. The use of the Internet can increase effective governance and lead to positive economic outcomes. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get an original essayIn the context of this investigation, investing in the use of the Internet can be seen as a complement to investing in capital human, because it makes workers more efficient by providing access to knowledge-enhancing skills and faster ways to create, disseminate and assimilate information and physical capital, because it increases the productivity of physical capital. Although this thesis does not present a growth story per se, it provides evidence that Internet use has a positive impact on economic growth and other measures of development outcomes. Internet use affects economic development outcomes differently depending on the country's income level, so policy recommendations should also vary. depending on the income level of the country. Increased Internet use has a significant positive effect on GDP per capita and overall well-being, as measured by HDI on average in low-income countries. Additionally, foreign direct investment can be directed toward developing the infrastructure needed to enable greater Internet deployment while encouraging foreign aid to address health and education programs. To the extent that Internet openness can boost business participation in GVCs, this could have a significant positive impact. on national productivity performance. Participation in GVCs also helps strengthen an economy's capacity to learn from the global productivity frontier. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay When we have a more connected population, graduate students and adults have more tools to access the job market, find original and creative ways to make money or start their own business, and become consumers of goods and services online. All of this creates a stronger, more prosperous economy. Internet intermediaries offer increasing social and economic benefits; whether through information, e-commerce, communication/social networks, participatory networks or web services. Internet intermediaries drive economic growth with new businesses and productivity gains through their contribution to the broader ICT sector as well as their key role within the Internet ecosystem. They operate and maintain most of the Internet infrastructure, which now underpins.