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ThetelecommunicationsrevolutionWhatistelecommunications•Telecommunications,fromGreek,means“communicationsatadistance”.Telecommunicationsthroughvoice,data,andimagecommunicationischangingtheworld.Theeaseofaccessinginformationandpeopleoftheworldatanytimeishavingmajorimpactsonsociety,business,andfinance.Notelecommunicationsrevolutionbeforetheworldiswhat•Pigeonpost•Firesignalling•LetterTelecommunicationrevolution•The1990'smarkthebeginningofaTelecommunicationsRevolution.Althoughthetransitionwillbeslowforsome,thedevelopmentseemsinevitable.TheeffectsoftelecommunicationrevolutionCountry•Adiameteroflessthanhalfamillimeteroffiberopticcablecancarrymoreinformationthanathickcablemadeofcopperwiremade•ItwillgreatlyboostlivingstandardsinthedevelopingworldModerncommunicationswillgivecountrieslikeChinaandVietnamahugeadvantageovercountriesstuckwitholdtechnology.Forus•SOHO:Youcanworkathomethroughcomputer.TheinternetmakesSOHO(smalloffice,homeoffice)possible.•Onlineshopping:Youcanbuyanythingyouwantwithoutgoingout.3.E-business:Conductbusinessonline.•E-learning:Learnaboutothercultureswithouttravelingfartherthanthenearestcomputer.5.Blog:Awaytopresentnewsandpoliticalorpersonalinformation..Sothereislittledispute,communicationswillbeakeyfactorseparating.NationalattentionRussia•Russiaisstartingtoinstallopticalfiberandhasastrategicplantopump$40billionintovariouscommunicationsprojects.China•Overthenextdecade,itplanstopoursome$100billionintotelecommunicationsequipment.Bytheendof1995,eachofChina'sprovincialcapitalsexceptforTibetwillhavedigitalswitchesandhigh-capacityopticalfiberlinks.Vietnam•Despiteaperpersonincomeofjust$220ayear,allofthe300,000linesVietnamplanstoaddannuallywillbeopticalfiberwithdigitalswitching,ratherthancheapersystemsthatsendelectronsovercopperwires.•Forcountriesthathavelaggedbehindforsolong,thetemptationtomoveaheadinonejumpishardtoresist.Anddespitethemistakesthey'llmake,they'llpersist—sothatonedaytheycancruisealongsideAmericansandWesternEuropeansontheinformationsuperhighway.