. Medical and Hospital News .




.
POLITICAL ECONOMY
OECD says IT sector resisting economic crisis
by Staff Writers
Paris (AFP) Oct 04, 2012


The information and communication technology (ICT) sector has resisted the economic crisis and is becoming a key infrastructure for the world's economy, the OECD said Thursday.

"The expansion of mobile Internet connectivity has helped buoy the ICT sector, and in many ways the economy as a whole, during a period of sustained economic malaise," the Organisation for Economic Cooperation and Development said in a report based on a study of 250 top ICT firms.

"The Internet is becoming a key economic infrastructure, revolutionising businesses and serving as a platform for innovation," the Paris-based organisation of 34 leading industrialised countries.

The top firms registered an average annual growth rate in revenue of six percent between 2000 and 2011, with total revenue at more than $4.6 trillion (3.5 trillion euros) in 2011, or an increase of five percent over the previous year.

A key source of the growth has been an expansion of mobile connections, which overtook the number of fixed broadband subscriptions in 2009. In 2011, the estimated number of mobile subscriptions among OECD countries was at 667 million, or more than double that of the 315 million fixed connections.

"The number of mobile phone subscriptions worldwide has more than doubled since 2005 and tripled in non-OECD countries," the OECD said.

The organisation added that the top firms increased their hiring by six percent from 2010 to 2011 to take on more than 14 million people worldwide that year.

The ICT sector also "continues to attract venture capitalists, accounting for more than 50 percent of all venture capital in the United States, the world's largest market, in 2011," the OECD said.

The US and Japan accounted for the largest number of the top 250 ICT firms in 2011, while in Europe, the countries most likely to host the firms were France, Germany, the Netherlands and Britain.

Related Links
The Economy




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



POLITICAL ECONOMY
Demonstrators break into Greek defence ministry
Athens (AFP) Oct 04, 2012
More than 200 employees of a Greek shipyard on Thursday broke into thecourtyard of the defence ministry in Athens to protest against non-payment of their wages, police said. They broke down barriers at the entry and anti-riot forces were sent in half an hour later using clubs and tear gas to remove them. When they refused to leave they were arrested en masse. The chief of staff had earli ... read more


POLITICAL ECONOMY
Argentine police protest after giant pay error

Hong Kong seeks answers after deadly ferry crash

18 school children buried in China landslide

World facing unprecedented refugee crisis: UNHCR

POLITICAL ECONOMY
Northrop Grumman to Improve Performance of MEMS Inertial Sensors for DARPA

Lockheed Martin Delivers Propulsion Core for the First GPS III Satellite

China launches another 2 navigation system satellites

Improved positioning indoors

POLITICAL ECONOMY
Compelling evidence that brain parts evolve independently

Anti-aging pill being developed

Human Brains Develop Wiring Slowly, Differing from Chimpanzees

Breaking up harder to do on Facebook

POLITICAL ECONOMY
Rare tiger dies after Indonesia flight switch

Costa Rica set to ban hunting, a first in the Americas

Marine plants can flee to avoid predators

Stanford bioengineers introduce 'Bi-Fi' - The biological internet

POLITICAL ECONOMY
Saudi take steps to thwart epidemic at hajj: report

In Africa, deadly intestinal disease helped by AIDS: study

Two people die of cholera in Iraqi Kurdistan

New SARS-like mystery illness emerges in Mideast: WHO

POLITICAL ECONOMY
Chinese actress sues US website over Bo link claims

Ai Weiwei gets first big US show, shaped by his plight

Ferry crash raises Hong Kong harbour questions

Tibet PM calls for global support against China

POLITICAL ECONOMY
Colombia hopes FARC deal will bring peace

Mexico captures Zetas cartel capo 'El Taliban': navy

Indian state in grip of a drug epidemic

Mexico captures Zetas cartel capo 'El Taliban': navy

POLITICAL ECONOMY
Spain hunts for investors to avert bailout

Demonstrators break into Greek defence ministry

Outside View: Jobs outlook discouraging

As growth falters, analysts ask has Asia lost its mojo?


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement