Advanced economies may be stuck with obsolete infrastructure; laggards can skip right to the shiniest and best.
Third by imposing high prices to readers and libraries in order to maintain high profits and an obsolete infrastructure.
I wonder what it will take to get this country serious about repairing and rebuilding its crumbling and increasingly obsolete infrastructure.
Nobody overworks, productivity stays low and GDP barely grows anywhere in Europe, even in Russia saddled with an obsolete infrastructure.
The weak financial position of VRA, the Electricity Company of Ghana (ECG), and the Ghana Grid Company Ltd. (GRIDCo), coupled with obsolete infrastructure, has resulted in huge load pressure partly responsible for blackouts.
The real answer is depressing - banking is a stagnant market running on long-obsolete infrastructure, which improves only when forced to by government.
Ten years ago people thought that visual storytelling would be democratized; that new cameras, new editing suites, cheap streaming, and BitTorrent would combine to render high-cost obsolete-infrastructure Hollywood irrelevant.
Increasingly, rising crude oil prices, a patchwork of government policies, mismanagement, corruption, neglect, the monopoly of the energy sector, and obsolete energy infrastructure have become major contributory factors to the supply shortfalls.
But no one in the industry will rush to make their multibillion-dollar infrastructure obsolete.
Infosys founder Nandan Nilekani calls it India's "WhatsApp Moment," echoing how a simple software solution from Silicon Valley turned the Asian telecommunications industry upside down, making obsolete decades of infrastructure, business models and loyal customer relationships with massive telecom operators.
