Transforming Global Information and Communication Markets: The Political Economy of Innovation

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Overview

Innovation in information and communication technology (ICT) fuels the growth of the global economy. How ICT markets evolve depends on politics and policy,and since the 1950s periodic overhauls of ICT policy have transformed competition and innovation. For example, in the 1980s and the 1990s a revolution in communication policy (the introduction of sweeping competition) also transformed the information market. Today, the diffusion of Internet, wireless, and broadband technology, growing modularity in the design of technologies, distributed computing infrastructures, and rapidly changing business models signal another shift. This pathbreaking examination of ICT from a political economy perspective argues that continued rapid innovation and economic growth require new approaches in global governance that will reconcile diverse interests and enable competition to flourish.

The authors (two of whom were architects of international ICT policy reforms in the 1990s) discuss this crucial turning point in both theoretical and practical terms.

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What People Are Saying

Reed Hundt

"I have never read a more astute analysis of how information technology and governments together have globalized every economy, producing winners and losers aplenty. Insights -- like the importance of modularity and the power of ideas --
abound. This is a must-read for technology business leaders who deal with government and for government officials who want their nations to succeed in world competition.
A tour de force!"--Reed Hundt, Former Chairman, FCC

From the Publisher
"I have never read a more astute analysis of how information technology andgovernments together have globalized every economy, producing winners andlosers aplenty. Insights — like the importance of modularity and the powerof ideas — abound. This is a must-read for technology business leaders whodeal with government and for government officials who want their nations tosucceed in world competition.

A tour de force!" Reed Hundt , former Chairman, FCC

"What a wonderful and remarkable book! Transforming Global Information and Communications Markets presents a broad vision, brimming with insights about communications markets all over the globe. It covers an extensive range of topics: the decline in the price of long-distance telephony, the development of 3G and distribution of profits from it, modularity in on-line content markets, the governance of the web, the transformation of broadcasting, and more.

The book provides a coherent explanation for every important trend in modern communications markets. I could not put it down." Shane M. Greenstein , Kellogg School of Management, Northwestern University

Reed Hundt
"I have never read a more astute analysis of how information technology and governments together have globalized every economy, producing winners and losers aplenty. Insights — like the importance of modularity and the power of ideas — abound. This is a must-read for technology business leaders who deal with government and for government officials who want their nations to succeed in world competition.

A tour de force!"—Reed Hundt, Former Chairman, FCC

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Product Details

Meet the Author

Jonathan D. Aronson is Professor at the Annenberg School for Communication and the School of International Relations at the University of Southern California.

Donald Abelson, a former senior U.S. Government trade and communication official,is the head of Sudbury International, LLC.

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Table of Contents

Introduction 1

I The Inflection Point

1 The Next Revolution in Global Information and Communication Markets 7

2 The First Two ICT Eras 19

3 Modularity at the Inflection Point 43

4 Modularity and Innovation 65

5 The Political Economy of the Inflection Point 95

II A Theoretical Interlude

6 Theory before Policy 129

III Three Dimensions of Global Market Governance

7 Trade and the Global Network Revolution 149

8 Wireless Infrastructure 175

9 Internet Governance 207

Summary and Conclusions Donald Abelson Abelson, Donald 233

Notes 269

Index 337

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