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South Korea still top world communications economy

16 September 2011 15:45 (UTC +04:00)

Baku. Nijat Mustafayev - APA-Economics. A global study of ICT competitiveness has ranked Asian economic powerhouse South Korea as the worldâ€™s most advanced ICT economy, with the Philippines way behind at 92nd place although it inched up by three notches from 95th spot in 2008.

The new figures released on Friday by the International Telecommunication Union (ITU), an agency under the United Nations, showed that ICT uptake continues to accelerate worldwide, spurred by a steady fall in the price of telephone and broadband Internet services.

The new data, released in ITUâ€™s flagship annual ICT report â€œMeasuring the Information Society 2011â€, also put Sweden, Iceland, Denmark, and Finland closely behind South Korea in ICT readiness. The report showed that while ICT and income levels are closely related, getting the right public policy mix can drive faster take-up and a number of countries, including Australia, Japan, New Zealand, and South Korea have higher IDI levels than their income level would predict.