A number of commentators, particularly Professor Paul David of Stanford University, have suggested that, despite the benefits we have seen this decade, it may be that the truly significant increases in living standards resulting from the introduction of computers and BIS Review 92/1997  -2-  communications equipment still lie ahead. If true, this would not be unusual.
34. Further, in comparison to other countries, the changes in our payments eco-system have been fast-forwarded to reach the present stage in the shortest possible time. Innovations in technology are pushing the boundaries of payment processes and the players are keen to adopt newer systems and adapt the older payment mechanisms in new avatars. Some Concerns 35.