Overview 25 Years in the Technology Industry - Essay Example

Only on StudentShare

Extract of sample
Overview 25 Years in the Technology Industry

While technological change is an ongoing process, there are periods during which technological progress is especially rapid, resulting in new products and falling prices of existing products that have widespread uses in the rest of the economy. Such periods are generally identified with all-purpose technological revolutions. Earlier examples include textiles production and steam power in the industrial revolution, railroads in the nineteenth century, and electricity in the early twentieth century (the automobile could also be included, but its development was relatively gradual). The effects of such revolutions have generally occurred in three (often overlapping) main stages. First, technological change raises productivity growth in the innovating sector; second, falling prices encourage capital deepening; and, finally, there can be significant reorganization of production around the capital goods that embody the new technology.
The growth of the information technology sector (IT) in the 1980s was an important development for the economy, but it spurred relatively little policy or media interest. ...Show more

Summary

The world is in the midst of an all-purpose technological revolution based on information technology (IT), defined here as computers, computer software, and telecommunications equipment. The macroeconomic benefits of the IT revolution are already apparent in some economies, especially the United States.
Author : upredovic
Overview 25 Years in the Technology Industry essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Overview 25 Years in the Technology Industry"
with a personal 20% discount.
Grab the best paper

Related Essays

World after 25 years
World after 25 years: There has been a growing concern among public about looks for quite some time. People have become looks conscious and are increasingly opting for all kinds of surgeries including liposuction and gynecomastia to rid themselves of looks that they can easily live with otherwise.
2 pages (500 words) Essay
What Will the World Look Like in 25 Years
Many people wonder how the world will look in twenty-five years. What will change and what will be the same? It is hard to predict everything. In 1980, no one was predicting the invention of the internet other than a few forward thinking individuals that were technologically savvy.
7 pages (1750 words) Essay
EA Sports Games Competitors Overview
Video games industry is divided into five vertical phases which include the development stage, publishing stage, manufacturing stage, distributing stage, and finally the retail stage.
This industry has transformed from low technology games to high tech games through the use of 3D polygon imagery among other technologies.
3 pages (750 words) Essay
Italian textile industry: An overview
(CSC, 2006) The problems facing the Italian textile industry are due to the competition posed by China. Most of the firms are affected by the low labor costs in the Chinese market. The conditions became worse after January 2005 when because of WTO the textile industry became free of restriction.
6 pages (1500 words) Essay
Impact of ICT in libraries over the last 25 years
This research presents the detailed analysis of the implementation of new technology at libraries. In this research, the main technology about which I will talk about is information and communication technology. This research is
9 pages (2250 words) Essay
Healthcare Industry Overview Grid
There is an example that is already started to help with the process, but ensure you include adequate information to support your findings. Health Care manufacturing deals
2 pages (500 words) Essay
Our World in 25 Years
Following this evolutionary trend, it is convincing to say that 25 years from today, significant progress would have been made in various
2 pages (500 words) Essay
Industry overview of Yahoo company
The main value proposition that Yahoo has to offer is with regards to its associated free services. These include, but are not limited to Yahoo mail, Yahoo finance, Yahoo news, Yahoo weather, Flickr, Yahoo Sports,
3 pages (750 words) Essay
Overview of the Hospitality and Tourism Industry
This paper will provide an overview of the hospitality and tourism industry in Maryland. While analyzing the Maryland restaurant industry, it is identified that the industry involve many
5 pages (1250 words) Essay
Overview and Industry Trends & Prospects of General Dynamics
The company has been operating for more than 50 years in the market of United States, United Kingdom and others. General Dynamics is renowned for its manufacturing expertise as well as in being
4 pages (1000 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT