The Economic Impact Of The New Telecommunications Legislation
Canada has been transformed in recent years into an information based
society. Nearly half of the labour force in Canada works in occupations
involving the collection and processing of information. In a society in which
information has become a commodity, communications provide a vital link that can
mean the difference between success or failure. Telecommunications is a
fundamental infrastructure of the Canadian economy and society. For these
reasons, an efficient and dynamic telecommunications industry is necessary to
ensure economic prosperity. Deregulating the Long Distance Industry is the only
sure way to ensure that prosperity.
Telecommunications in Canada, which include services ...
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p7). It is therefore not surprising that Canadians are
among the biggest users of telecommunications in the world. For example, in 1990,
Canadians made more than three billion long-distance calls (Dept. of
Communications, 1992, p8).
Innovations made possible through telecommunications have also
contributed significantly to the phenomenal growth of the Canadian
telecommunications industry. For example, the total value of the major telephone
companies' investment in their facilities rose from $17.8 billion in 1979 to
$40.3 billion in 1990. In the same year, Canadian telecommunications companies
reported more than $15 billion in revenues, accounting for an estimated 2.7
percent of the Gross Domestic Product (GDP). In addition, in 1990 the telecom
industry achieved a real growth rate (after inflation) of 8.6 percent compared
to 0.3 percent for the Canadian economy as a whole. Telecommunications is also
Canada's leading high-technology industry; its Research and Development costs ...
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considering legislation to unify the European
telecommunications market next year (Blackwell, 1993, p22). In order to not be
left behind, Canada updated its telecommunications legislation to bring it in
line with world developments. For example, a key piece of legislation that
regulated telecommunications, the Railway Act, dated back to 1908 (Beatty, 1990,
p135).
Clearly, with such "ancient" legislation, new policy was required that
would allow a more flexible regulatory system, and not hamper the development of
our telecommunications industry (as the Railway Act did). The first steps toward
such a policy were taken in 1987 by the Minister of Communications, who outlined
three basic ...
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"The Economic Impact Of The New Telecommunications Legislation." Essayworld.com. Essayworld.com, 3 Jul. 2008. Web. 19 Apr. 2024. <http://www.essayworld.com/essays/The-Economic-Impact-New-Telecommunications-Legislation/86199>
"The Economic Impact Of The New Telecommunications Legislation." Essayworld.com. July 3, 2008. Accessed April 19, 2024. http://www.essayworld.com/essays/The-Economic-Impact-New-Telecommunications-Legislation/86199.
"The Economic Impact Of The New Telecommunications Legislation." Essayworld.com. July 3, 2008. Accessed April 19, 2024. http://www.essayworld.com/essays/The-Economic-Impact-New-Telecommunications-Legislation/86199.
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