Slow Paradox

< burden><b><a href=http://www.geocities.com/vaksam/>Sam Vaknins Psychology, Philosophy, political economy and Foreign Affairs Web Sites</a></b></ middle> <br> <br><b>The PRODUCTIVE HARDWARE </b> <br> <br>The world is debating the Solow Paradox. Named after the Nobel laureate in economics, it was stated by him thus: You can see the data processor age everywhere these days, except in the productivity statistics. The aged(prenominal) economic magazine, The Economist in its issue dated July 24th, quotes the no less venerable Professor Robert Gordon (one of Americas leading government on productivity) - p.20: <br>...the productivity performance of the manufacturing rarified of the United States economy since 1995 has been abysmal rather than admirable. Not simply has productivity evolution in non-durable manufacturing decelerated in 1995-9 compared to 1972-95, but productivity growth in dura ble manufacturing stripped of computers has decelerated even more. <br> <br>What should be held true - the hype or the hot statistics? The answer to this question is of crucial importance to economies in transition.

If enthronisation in IT (information technology) actu eachy RETARDS growth - then it should be avoided, at to the lowest degree until a functioning marketplace is there to parry its growth suppressing make. <br> <br>The notion that IT retards growth is counter-intuitive. It would calculate that, at the least, computers allow us to do more of the aforesaid(prenominal) things fa ster. Typing, order processing, muniment ma! nagement, production processes, number crunching are all managed more efficiently by computers. Added efficiency should translate into compound productivity. Put simply, the selfsame(prenominal) number of people can do more, faster, more inexpensively with computers than they can without them. Yet reality begs to differ. <br> <br> devil elements are often neglected in considering the beneficial effects of...If you want to get a full(a) essay, order it on our website: OrderCustomPaper.com

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