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Blocking Internet cost Egypt at least $90M, says OECD

Posted By admin On February 4, 2011 @ 6:02 am In World News | Comments Disabled

Martyn Williams,
IDG News Service [1]
Feb 4, 2011

The Egyptian government’s five-day block of Internet services cost the national economy at least US$90 million, the Organization for Economic Cooperation and Development (OECD) said Thursday.

The Paris-based organization said telecommunications and Internet services account for between 3 percent and 4 percent of Egypt’s GDP, so the daily loss amounted to around US$18 million.

The Internet blockĀ was lifted on Wednesday [2], but it might be much longer before the true cost of the government’s action on the economy is known.

By cutting telecommunications links, the government severed links between domestic and international high-tech firms and the rest of the world. As a result, the OECD warned, Egypt could find it “much more difficult in the future to attract foreign companies and assure them that the networks will remain reliable.”

Full article here [1]

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Blocking Internet cost Egypt at least $90M, says OECD  101210banner4 [4]

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URLs in this post:

[1] IDG News Service: http://www.networkworld.com/news/2011/020311-blocking-internet-cost-egypt-at.html?hpg1=bn

[2] was lifted on Wednesday: http://www.networkworld.com/news/2011/020211-egypt-restores-links-to.html

[3] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[4] Image: http://www.stansberryresearch.com/pro/1011PSIENDVD/PPSILC35/PR

[5] Euro Zone in Mild Recession, US May Follow: OECD: http://www.prisonplanet.com/euro-zone-in-mild-recession-us-may-follow-oecd.html

[6] UK recession this year, OECD says: http://www.prisonplanet.com/uk-recession-this-year-oecd-says.html

[7] OECD detects world economy slowing down: http://www.prisonplanet.com/oecd-detects-world-economy-slowing-down.html

[8] Mass Internet outages in Egypt after cables cut: http://www.prisonplanet.com/mass-internet-outages-in-egypt-after-cables-cut.html

[9] Russians Selectively Blocking Internet: http://www.prisonplanet.com/russians-selectively-blocking-internet.html

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