Impact of Telecommunication Social or Economical

In 2013, worldwide telecommunications all toldow reach $2. 3 trillion in revenues 1. The revenue from telecommunication service is projected to grow at the rate of 3. 8 percent 1. not only is the telecommunications industry monetarily strong but also has a groovy impact on the social and economic development of the world. Telecommunications has shiftd the way mickle live, interact and conduct businesses. Rwanda, commonly known as the Land of a Thousand Hills, is a country in central Africa. This country confront a civil war in 1993.Between April and June 1994, an estimated 800,000 Rwandans were killed 9. After this genocide, one of the most(prenominal) important argonas of development that the Government focused on was Information and parley technology (ICT). Rwanda, with its hilly terrain, is favorable for growing teatime and coffee. Export of tea comprised of 70% of its export 2. Thus during the U. S. recession of 2009, Rwandas GDP grew by 4. 1% in comparison to 11. 2% a ye ar forwards 4. The geography of the country and the underdeveloped road/rail transportation adds on to increased cost in exporting goods 2.One of the main reasons for focusing on ICT policy was to convert Rwanda from an agrarian economy to an information-centric economy 3. In pronounce to achieve this, the Government has implemented National Information and Communication Technology (ICT) policy 8. Earlier in Rwanda, at that place were a very a few(prenominal) newspapers published on a weekly or even on biweekly basis. The Rwandan Government used to broadcast radio all end-to-end the day in order to educate people 2. But this endeavour did not scale nationwide and the nature of information was limited.There were three major(ip) telecommunications providers in the country by 2012, because of National ICT policy and privatization of Rwandas telecommunications industry. Telecommunications work redeem provided a broader source of information through the Internet and has facilitat ed in educating the people of Rwanda across the nation. One of the main health care issues face in Rwanda is spread of HIV/AIDS. Innovative ways, such as bag short message services (SMS), have been used to create awareness among people regarding the virus.The Rwanda Government has given out free cell phones to mannership health care volunteers, in an attempt to help pregnant women 11. If there are any questions, updates, or complications regarding the pregnancy, health volunteers text the local clinic and raise a response within minutes 11. Such telecommunications services have helped the social development of Rwanda. Up until 2006 telecommunications in Rwanda was state owned monopoly. Since so there has been privatization of the telecommunications industry 5.Privatization of the industry led to the arrival of international telecommunications giants. outside investment in the telecommunication industry has become one of the impart for the regimen to increase its revenue. In the fiscal year of 2011/ 2012, Rwandas government lost over $23 million because of fuel tax reduction. During the comparable fiscal year, Bharti Airtel, one of the international telecommunications giant from India, bought a telecommunications license expenditure $100 million 5. The Rwanda Government has used this payment to offset part of Rwandas fiscal deficit 6.In order to increase their customer base, all of the telecommunications companies have introduced smooth gold services. This service allows customers to send and receive money within the country and also overseas 7. Almost, Rwf45 billion has been transferred to and from Rwanda from the inception of this service. The telecommunications companies are directly licensed by the National Bank of Rwanda to facilitate mobile money services. The mobile money service has helped in providing more financial services 10.Telecommunications has helped economic development of the country by enabling blue transfer of money 7. In conc lusion, ICT is helping to re-build Rwanda. The National ICT policy and treat plan re-emphasizes the importance of ICT. Telecommunications has helped Rwanda develop socially and economically. This analysis has made me bring in that telecommunications is not just any other industry, but has the power to change lives of millions. References 1 Anonymous (2012). Worldwide Telecommunications Industry Revenue to Reach $2. Trillion in 2013, Online Available http//www. kten. com/story/20754074/worldwide-telecommunications-industry-revenue-to-reach-22-trillion-in-2013-says-insight-research-corp Accessed on January 30, 2013. 2 Anonymous. Online Available http//www. historycentral. com/nationbynation/Rwanda/Economy. html Accessed on January 30, 2013 3 K. David (2004, May). IMPLEMENTING THE bailiwick ICT POLICY AND PLAN in RWANDA Online. Available http//www. powershow. com/view/200885-ZTVmZ/IMPLEMENTING_THE_NATIONAL_ICT_POLI