Information Resources and Economic Productivity (Classic Reprint) - Tapa blanda

Excerpt from Information Resources and Economic Productivity

The second trend is the emergence of new information technologies. Recent advances in electronic memory. Processing and transmission devices have brought down the cost per unit performance of elementary data handling functions by some orders of magnitude during the last two decades. And these cost trends show every sign of continuing. Computing, telecommunications and office automation systems based on these devices are beginning to transform the nature of information management throughout the economy.

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Excerpt from Information Resources and Economic Productivity

This paper analyzes the role of information resources in the development of the United States economy and especially in the determination of productivity levels. The analysis is based on a formal economic model of the interrelationship between two sectors: an information sector. Comprising all labor and capital used to process and handle information. And a production sector. Which processes and handles material goods. The purposes of the model are to explain the past growth of the information sector workforce. To identify productivity trends in the sector. And to determine the implications of those trends for future economic performance. The analysis shows that. Historically. The rate of efficiency improvement in information handling (essentially white-collar) work has been much slower than in production work. However this pattern is changing rapidly. Chiefly as a result of the introduction of new data processing. Communication and storage technologies. Our model shows that the expected future level of investment in these information technologies will be sufficient to reverse. By the mid [9805. The slowdown of economic growth which is currently afflicting industrialized countries.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.