This article is very interesting and sheds hopeful light that new technology like the ipad and smart phones are signs of our economy recovering. This article came from Strategy Business that I suggest you subscribe and follow their blog. I believe it is also part of Harvard Press which publishes Harvard Business review…excellent reading!
by Mark Stahlman
The history of investment and technology suggests that the global economy is poised to enter a new phase of robust, dependable growth. Such phases occur roughly every 60 years, and they last for a decade or more, part of a long cycle of technological change and financial activity. The current cycle, which began around 1970, is based on silicon: the integrated circuit, the digital computer, global telecommunications, and the Internet. It may feel like this technology has run its course, but the cycle is really only at its midpoint, and a new silicon-based global elite will lead the way to economic recovery.
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