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The Economic Impact of The New Telecommunications LegislationCanada has been transformed in recent years into an information based society Nearly half of thelabour force in Canada works in occupations involving the collection and processing of information In asociety in which information has become a commodity communications provide a vital link that can meanthe difference between success or failure Telecommunications is a fundamental infrastructure of theCanadian economy and society For these reasons an efficient and dynamic telecommunications industry isnecessary to ensure economic prosperity Deregulating the Long Distance Industry is the only sure way toTelecommunications in Canada which include services and manufacturing employ more than 125000people and generate over 21 billion in revenues Dept of Communications 1992 p7 Telecommunicationshelps to overcome the obstacles of distance in a vast country such as Canada permitting remotecommunities to benefit from services taken for granted in large urban centres More than 98 percent ofCanadian households have a telephone and there are more than 15 million telephone lines for a populationof nearly 27 millionDept of Communications 1992 p7 It is therefore not surprising that Canadiansare among the biggest users of telecommunications in the world For example in 1990 Canadians made morethan three billion long-distance calls Dept of Communications 1992 p8Innovations made possible through telecommunications have also contributed significantly to thephenomenal growth of the Canadian telecommunications industry For example the total value of the majortelephone companies investment in their facilities rose from 178 billion in 1979 to 403 billion in1990 In the same year Canadian telecommunications companies reported more than 15 billion in revenuesaccounting for an estimated 27 percent of the Gross Domestic Product GDP In addition in 1990 thetelecom industry achieved a real growth rate after inflation of 86 percent compared to 03 percent forthe Canadian economy as a whole Telecommunications is also Canadas leading high-technology industryits Research and Development costs of 14 billion in 1990 represent about 24 percent of totalexpenditures in this area This shows how telecommunications has come to
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