Information and communications technologies have considerable potential to promote development and economic growth. They can foster innovation and improve productivity. They can reduce transaction costs and make available, in mere seconds, the rich store of global knowledge. In the hands of developing countries, and especially small and medium-sized enterprises, the use of ICTs can bring impressive gains in employment, gender equality and standards of living. This Report is intended to provide policy-makers and practitioners with information and analysis to better assess the implications of the growing role of ICTs in economic development.