Broadband and economic growth Essay
The purpose of the author in writing this article seeks to understand the value of how broadband technology has fostered expansion and development of businesses. It corresponds to the question of how this process can boost economic growth and whether or not American industries have responded effectively to what these innovations have to offer. Summarizing the article, Ali presents the value and usage of broadband in effectively addressing changes and transformations towards businesses. Here, he outlined considerable important developments that have transpired due to this process.
Such component then increased better means to bridge together existing boundaries and improve communication and collaboration processes. However, there are also existing challenges as the relative costs corresponding to its maintenance and development. Due to this, it presents itself questionable in addressing economic growth because of the relative investment in its specialization and effective administration especially among industries who are not that heavily reliant to such connections.
Addressing the policy innovations brought about by broadband technology, it can be seen that it corresponds to the value of expanding labor movements within specific industries. Though this may continuously provide avenues for development, the hindrances within the labor sector alongside its associated costs also bring about hurdles in
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These challenges in turn equate the formulation of recognizing further opportunities related to increase connectivity brought about by broadband internet. Here, it contributes to the creation of what is essential in establishing credibility and worth of these technologies and synchronizing them with corresponding business processes. ‘The Economy is Even Worse Than You Think’. Mortimer Zuckerman. Wall Street Journal, July 14 2009 RECESSION AND UNEMPLOYMENT
The purpose of the author in this article corresponds to understanding the current trends of unemployment. It tries to put into the table the value of how the current patterns of businesses during times of recession have been to reduce the workforce. At the same time, it puts into question the stability of employees’ future in addressing their needs and liabilities. Summarizing the article, Zuckerman outlines the current trends that employees have experienced from different companies.
As companies continued to face the struggles of recession, one strategy to reduce costs has been to reduce the workforce or remove corresponding benefits. Not to mention the failure of the stimulus plan by the U. S. government to address the needs of society and generate increasing numbers of unemployment. Such outcomes not only threaten the capacity to overcome these struggles but also correspond to the failure of the U. S. economy to recover from debt which lowers household spending.
Given these scenarios, indeed the value of the recession has indeed shaped the continued process of unemployment in the United States. Such reactions then contrast the viability of the stimulus plan to address the needs of the Obama government. Since its incorporation in 2008, it has only increased unemployment rates and diversified the fiscal problems among American citizens. Due to this, legislators should learn from these scenarios and focus on stimulus plans that correspond to the real needs of the citizenry.