RECESSION IN INFORMATION TECHNOLOGY IN
1st Floor, MIG – 66, Hanuman
Nagar,
Kankarbagh,
Dated 20.2.2001.
It has been reflected in early 2000 year about the
recession in Information Technology in
When a person has no way to
get the information about their day-to-day business or world, he will get some
loss due to a communication gap. So, communication is essential for the
development of business/ country/ agriculture/ science & technology etc.
There have been many ways of communication from early age i.e. personal
messenger, letter, telephone, telex, books etc. Today one of the most developed
communication systems is called Information Technology. A person requires many
types of systems for communications i.e. letter, personal messenger, telephone,
fax, email, and cars / aeroplanes are used for self-perception and direct
communication etc.
Now the other communication
systems are shrinking and every thing is emphasized only on computer i.e.
Information Technology. It is the fact that through Internet, the people of
world are sitting together at a place, at a time for the communication of
messages i.e. information about each other’s requirements. It is essential now
for the people of the present world that they will get the knowledge of I.T.
I.T is used in every walk of life and for day-to-day business. So, I.T will be
used like a language in future which will be essential for each. The limitation
and saturation point in I.T could be explained as:
LIMITATION: For example a person who has done a business of one million, requires 10
Telephones, 10 Computers, 10 Cars etc. When he becomes a billionaire, he will
not require 1000 Telephones, 1000 Computers, 1000 Cars
etc. for their communication / information of their business. So, there is a
limitation point to use the communication / information system.
SATURATION: Another example
about the information technology is that when a person wants to create 100
stories Civil Construction building, he requires one-lakh
labourers. If, he wants to create another building, Again
he will require one-lakh labourers
and so on.
But in information
technology, a model is built up for a bank. It is universal for all like/kinds
of banks. The same is used for all banks and banking purposes around the world.
If a bank has developed software for his own purposes
only. It is also universal for all their branches. So, there is a saturation
point. When a person/business/industry/ country etc. does not require more for
their purposes i.e. when they will achieve all things for their requirements it
means they will reach at a saturation point.
THE
INFORMATION TECHNOLOGY IS USED FOR WHAT?
THE MOST IMPORTANT THING IS THAT THE INFORMATION
TECHNOLOGY IS USED FOR WHAT? It is used for information. INFORMATION
OF WHAT? i.e. information of business, science
& technology, agriculture, health, economy of a country, etc.
U.S.A and the whole world have given their
complete attention on the development of information Technology and on the
other side the most important basic things are ignored by them that is
business, industry, science & technology, agriculture, health, etc. They
could not give their attention on the growth of basic things for which
information is required.
It
has already been hinted in the letter to Mr. Terry Finley, Research Department
of U.S.A and the hon’ble President early August 2000 year i.e. the economic
growth of a person / country, has no limit i.e. if a person is millionaire, he
will become a billionaire and so on. But he requires an apparatus of
communication at the time of millionaire i.e. 10 Telephones, 10 computers, 10
Cars, 1 Aeroplane. When he becomes billionaire, he would not require 1000
Telephones, 1000 computers, 1000 cars, 100 Aeroplanes. When a person has
reached at a saturation point of his requirements of information, he needs
nothing further and after a long time he may require few more things for
information.
So,
I.T. has limitation and a saturation point. When a person /country reaches the
saturation point, there is a limitation of growth of I.T. i.e. invention of new
things or development of a few software for the requirement of the people. In
the case of the
We
imagine that one-lakh labourers
are used in building up a model of software, which is required for a bank. Once
a model is equipped, there is no use of those labourers for the purposes of
that model anywhere in the world. One-lakh labourers are completely unemployed for that purpose. The
same thing is not happening in basic growth of industry / agriculture /
multistoried buildings etc. If, one lakh labourers are used in the creation of
100 stories building creation, if again we want to create another 100 storied
building at a near by place or anywhere, the same labour is used for the
purpose and it is a continuous process. The same process has been taking place
in industrial product / agriculture product etc. But in information technology
the things are not happening in this manner and I.T. has no such type of
requirements. One model of software is developed for the utilization of a bank.
It is universal for all banking purposes around the world. This is the cause of
unemployment in the
Again, it will be suggested to the Govt. of
U.S.A and other countries of the world to come on the path of real economic
growth and employment, which will make their country prosperous. Yet, Economic
growth of any country could not be correlated with employment growth of that
country. So, unemployment is a great problem for the present scenario of the
world. One of the basic causes of recession in the present world is also
unemployment and poverty. So, I am requesting the world communities to read
these articles of Prof. B.N.P. Singh, Internation Renowned economist: -
Lakshminarayan Model to combat global markets recession, Lakshminarayan model
of Taxation in Asian Drama. Lakshminarayan model of employment is superior to
Pigoue and Keynes, Comparison between the ideas of Lakshminarayan and Amaratya
Sen on welfare Economics and the most important book “Value and Growth” for the
benefits of their countries. We have been claiming from late 1998 that the
world market recession problem can be solved only on economic theories of
Lakshminarayan Sinha, which is given in the book “Value & Growth”.