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

Author

Listed:
  • Peter F. Cowhey

    (University of California, San Diego)

  • Jonathan D. Aronson

    (University of Southern California)

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

Suggested Citation

  • Peter F. Cowhey & Jonathan D. Aronson, 2009. "Transforming Global Information and Communication Markets: The Political Economy of Innovation," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262012855, April.
    • Handle: RePEc:mtp:titles:0262012855
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    Citations

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    Cited by:

    1. Bauer, Johannes M., 2014. "Platforms, systems competition, and innovation: Reassessing the foundations of communications policy," Telecommunications Policy, Elsevier, vol. 38(8), pages 662-673.
    2. Avilés, Judith Mariscal, 2020. "A tale of two reforms: Telecommunications reforms in Mexico," Telecommunications Policy, Elsevier, vol. 44(7).
    3. Misterek, Fokko, 2017. "Digitale Souveränität: Technikutopien und Gestaltungsansprüche demokratischer Politik," MPIfG Discussion Paper 17/11, Max Planck Institute for the Study of Societies.
    4. 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).
    5. Larson, James F. & Park, Jaemin, 2014. "From developmental to network state: Government restructuring and ICT-led innovation in Korea," Telecommunications Policy, Elsevier, vol. 38(4), pages 344-359.
    6. Bauer, Johannes M., 2022. "Toward new guardrails for the information society," Telecommunications Policy, Elsevier, vol. 46(5).

    More about this item

    Keywords

    information and communication technology; innovation; competition; growth; global economy;
    All these keywords.

    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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