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

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Author Info

  • Peter F. Cowhey

    () (University of California, San Diego)

  • Jonathan D. Aronson

    () (University of Southern California)

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    Abstract

    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, analyzing changes in ICT markets, examining three case studies, and considering principles and norms for future global policies. Readers wishing to explore certain topics in greater depth will find an electronic version of the text, additional materials, and "virtual" appendixes online. Information Revolution and Global Politics series

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    Bibliographic Info

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    This book is provided by The MIT Press in its series MIT Press Books with number 0262012855 and published in 2009.

    Volume: 1
    Edition: 1
    ISBN: 0-262-01285-5
    Handle: RePEc:mtp:titles:0262012855

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    Web page: http://mitpress.mit.edu

    Related research

    Keywords: information and communication technology; innovation; competition; growth; global economy;

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    Cited by:
    1. Bauer, Johannes M. & Shim, Woohyun, 2012. "Regulation and digital innovation: Theory and evidence," 23rd European Regional ITS Conference, Vienna 2012 60364, International Telecommunications Society (ITS).

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