WP: Japan’s Warp-Speed Ride to Internet Future
An important factor for long term economic growth is technological innovation. An important factor for technological innovation is increasingly access to high speed internet connections. The US has been falling behind Japan, South Korea, and parts of Europe in terms of access to fiber optic connections to the home. I alluded to this here and here and probably elsewhere.
In the next couple of years, I suspect you’ll see the number of articles like the one pointed out by Barry Ritholtz over on The Big Picture
TOKYO — Americans invented the Internet, but the Japanese are running away with it.
Broadband service here is eight to 30 times as fast as in the United States — and considerably cheaper. Japan has the world’s fastest Internet connections, delivering more data at a lower cost than anywhere else, recent studies show.