A growing importance of telecommunication was discerned because last three decades of 20th century for its ever-growing have an effect on productivity. It’s an important economic factor that plays an essential role in evaluating the economic growth. It has been identified as the foundation for economic prosperity prerequisite for national development together with an acute indicator of organizational competitiveness. Not only in economic growth even so the telecommunication has greater impact on socio-economic and overall development likewise.
Let me do some highlights on it. Post-modern civilization is likely to make a confusion making them equal and furthermore confusing the people likely alike. But the basic difference between these two terms is that growth relates to increase in quantity what we already have, whereas progress means both quantitative and qualitative improvement.
Telecommunication is on the list of important means for increasing the economic growth and economical development at length. Telecommunication causes companies to use their input resources if you can , in an effective way. There has been a sharp controversy on set up investment in IT and telecom provide improvements in production and business efficiencies.
Investment on IT and telecom sectors will make poor direct contribution to overall performance of companies until there’re combined with complementary investments in business activities, company restructuring, in addition to human capital. As we get various research works from Cobb-Douglas model (was helpful to examine the impact of Information Technology investment on production at Telecommunication Company of Tehran (TCT) in addition to Weighted Least Square (WLS) (was run by SPSS 15 to evaluate hypotheses) – it is explicit that IT investment besides makes the positive contribution to the output of Telecommunication Company but this contribution is positive after deductions for depreciation in addition to labor expenses.
At the present era there are lots of telecom service providers in the global together with national market in Australia. They are knowingly or unknowingly most of these factors, with a perseverance that telecommunication can accelerate a business in addition to a strong brand image have entered into this telecom area.
Its importance and ever-growing demand was clearly estimated form the fourth edition on the ITU’s World Telecommunication Development Report (Malta, March 1998). It showed the growing fact that electronic information for economic, educational and social advancement, highlighting how critical universal having access to communications has become. For over 40 million people was anticipating a telephone line worldwide. Where least developed countries have telecommunication penetration levels nearly 200 times below that of developed countries.