Last updated: 19 May 2009 Update History
Report Status: Archived
Report Pages: 7
Analyst: Paul Budde
Archived report: this report was archived in December 2010 and has not been updated.
The USA , as many other countries, introduced economic stimulus packages in 2008/09 that include telecoms infrastructure. It has now been widely accepted that such investments should deliver economic multiplier effects; it should stimulate economic growth, e-business, e-health, tele-education, smart grids as well as high-speed Internet access. This can only happen when these investments are linked to business models based on an open wholesale network. The telco and cable monopolies and duopolies as they exist in America would likely stop any economic multiply effect. This reports uses Australia as a bench market, where the government launched a A$43 billion broadband stimulus package that would result in the development of an open network that will link 90% of all households to an FttH (Fibre-to-the-home) network.
As you know, I have resigned from the Labor Ministry and have decided not to re-contest the seat of Charlton at the next election – both for personal reasons.
Before leaving Parliament, I particularly wish to record my thanks to you for your generous and constructive participation in the deliberations that generated significant economic policy reforms for the Australian community. Continuous economic transformation is a key challenge that faces all Governments.
The development of sound public policy should always be contestable. Ultimately, good and equitable outcomes are not concessions to any particular interest group, but the careful balancing of interests to create the greatest possible benefit for the nation. You have contributed to that, and I sincerely thank you for it.
Greg Combet, Former Minister for Climate Change, Industry and Innovation
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