Impact of 5G on Global economy
                     Impact of 5G on 
Global economy
Introduction
5G is  the  fi fth-generat ion mobi le  network.  I t  has  
the potent ia l  to be 100 t imes faster  than i ts  
predecessor 4G.  
Moreover,  5G has more capaci ty  than 4G,  which 
means even i f  mult iple  devices  are  connected,  
thei r  devices get h igher data speeds.
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Improves productivity
5G impacts  a lmost  a l l  industr ies  and improves 
product iv i ty  due to faster  internet  speeds and new 
innovat ions.  The improved product iv i ty  wi l l  
improve the g lobal  economy.
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Potential to create new 
industries
5G has the potent ia l  to create new industr ies,  
which can create  p lenty of  employment 
opportunit ies .  So,  i t  w i l l  aff ect  the  global  economy 
posi t ive ly.
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Revolutionize the 
health sector
I t  has  the potent ia l  to revolut ionize the health 
sector.  With low latency and faster  speeds,  
heal thcare profess ionals  can moni tor  pat ients  
eas i ly  without go ing to thei r  place .  
Te lemedic ine  fac i l i t ies wi l l  improve drast ical ly.  
This  wi l l  have a posi t ive impact  on the economy.  
Moreover,  wi th more  aff ordable and accessib le  
heal thcare serv ices,  the  heal th of  the  general  
publ ic  can improve.  This  resul ts  in improved 
product iv i ty  and hence helps  the economy.
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Economic benefits
The 5G-aided vehic les can communicate with other  
vehic les ,  roads,  t raffi c l ights,  and bui ldings and 
thereby can prevent road accidents.  
This  can prevent  loss of  l ives and a lso medical  
expenses due to  acc idents.  So,  th is  feature wi l l  
a lso have economic benefi ts.
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Smart Sensors
Smart  sensors can also prevent  t raffi c jams by 
he lp ing the dr iver  in  choosing the  less congested 
route .  This  can save plenty of  t ime and hence can 
reap economic benefi ts.
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Virtual work 
opportunities
5G has the potent ia l  to  create more remote work 
and v i r tua l  work opportunit ies.  This  wi l l  save 
money for  bus inesses and employees in  the  long 
run.
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Smart cities
5G wi l l  make smart c i t ies a real i ty.  Smart  c i t ies  
have more resource effi ciency.  The safer  and 
c leaner c i t ies  wi l l  a lso resul t  in  economic growth.
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Risk of Cyberattacks
As more  and more industr ies wi l l  ut i l ize  5G 
technology,  there wi l l  be more r isk o f  
cyberattacks .  The impact  of  cybercr imes on the  
wor ld’s  economy may increase.
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Conclusion
5G technology has the  potent ia l  to revo lut ionize  
a lmost a l l  industr ies.  New industr ies too wi l l  
emerge.  I t  has  the  potent ia l  to improve 
product iv i ty  and hence can resul t  in economic 
growth.
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