(MENAFN- Saudi Press Agency) Federal Reserve Chairman Ben Bernanke said pessimists forecasting that the economy will not reap sizable benefits from the computer revolution are likely to be proven wrong.
Bernanke told a college graduating class Saturday that the long-range practical consequences of innovations such as faster computers and the Internet are hard to predict. But he said inventors have only scratched the surface of the commercial applications that can be obtained in such fields as medicine and clean energy.
Bernanke's remarks came in a commencement address at Bard College at Simon's Rock, a small liberal arts college in Great Barrington, Massachusetts. 'We live on a planet that is becoming richer and more populous and in which not only the most advanced economies but also large emerging market nations like China and India increasingly see their futures as tied to technological innovation,' Bernanke said in a text of his remarks, which were released in Washington.
The Fed chairman told the new graduates that the best way to succeed will be to keep learning.
'During your working lives, you will have to reinvent yourselves many times,' he said. 'Success and satisfaction will not come from mastering a fixed body of knowledge but from constant adaptation and creativity in a rapidly changing world.'
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