Puerto Rico Economic Pulse ©

August 2003: How Distance Has Died?

The Communications Revolution

During the past few years tremendous technological advances in voice, video and data, digitally delivered across interconnecting networks to a variety of terminals, has sped-up communication and the transmission of information. Today, the cost of communicating ideas and data is now distance-free, thanks to the Internet cellular phones and lower telephone rates. The communications revolution has had a tremendous impact on the way knowledge and ideas are transported and how business is done. This on-going technological revolution in communications is what Frances Cairncross has described in her book as `the death of distance`. Find out how Puerto Rico fares in this revolution and how it has affected our lives.