Public spending on medical services has slowed much more sharply in other countries since the financial crisis hit government budgets around the industrial world.

Source: OECD.ORG, Public spending on health and long-term care: a new set of projections

Health spending is expected to pick up as the economy recovers along two possible paths.

In one, health care costs keep rising at the pace of the last decade or so – powered not only by growing incomes and the aging of the population but also by rapid medical inflation, technology advances and more intensive delivery.

Along the other, unspecified policy changes manage to slow spending to what would be justified by aging and income only.

If it is not contained, government spending on health will rise to almost 12 percent of G.D.P. on average across the 34 O.E.C.D. nations, from 5.5 percent in the second half of the last decade. In the United States it will rise to 13.2 percent from 7.1 percent.

And in some poor developing countries, it will rise even faster. In China, for instance, health spending would rise to 8.3 percent of G.D.P. in 2060 from 1.9 percent in the second half of the 2000s.

Source: EMERGO GROUP, 2012 | World Health Organization (WHO) National Health Account database, 2010 data

Moore's law is the observation that, over the history of computing hardware, the number of transistors on integrated circuits doubles approximately every two years.

The capabilities of many digital electronic devices are strongly linked to Moore's law: processing speed, memory capacity, sensors and even the number and size of pixels in digital cameras. All of these are improving at roughly exponential rates as well. This exponential improvement has dramatically enhanced the impact of digital electronics in nearly every segment of the world economy

The law is named after Intel co-founder Gordon E. Moore, who described the trend in his 1965 paper. His prediction has proven to be accurate, in part because the law is now used in the semiconductor industry to guide long-term planning and to set targets for research and development.

OSBORNE EXECUTIVE PORTABLE COMPUTER

1982

ZILOG Z80 4 MHz CPU

INTRODUCTORY PRICE: $ 2,495

($6,185 inflation adjusted)

Weight = 100 X iPHONE wt

Volume = 500 X iPHONE vol

Clock Frequency = 1/100th of iPHONE

2007

iPHONE

412MHz ARM11 CPU

INTRODUCTORY PRICE: $399

($448 inflation adjusted)

MOORE'S LAW DESCRIBES A DRIVING FORCE OF TECHNOLOGICAL AND SOCIAL CHANGE IN THE LATE 20TH AND EARLY 21ST CENTURIES.

MODEL T: $22,000

VIETNAM ERA VW BEETLE: $10,500