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Transforming Global Information and Communication MarketsThe Political Economy of Innovation$
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Peter F. Cowhey and Jonathan D. Aronson

Print publication date: 2009

Print ISBN-13: 9780262012850

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262012850.001.0001

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Trade and the Global Network Revolution

Trade and the Global Network Revolution

Chapter:
(p.149) 7 Trade and the Global Network Revolution
Source:
Transforming Global Information and Communication Markets
Author(s):

Peter F. Cowhey

Jonathan D. Aronson

Donald Abelson

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262012850.003.0008

This chapter, which addresses the general rules governing the competition and pricing of global networks, argues that change in pricing required major shifts in national competition policy and in world trade rules. It also explores the critical role of United States bargaining with the world over the introduction and consolidation of information and communication technology (ICT) transformation in the late 1990s. The chapter reveals that the strategic positions and domestic institutions between the United States and the European Union are different. It also shows the substantive weaknesses in trade agreements for ICT that could be compounded if US support for trade and investment integration through bilateral and multilateral pacts slackens.

Keywords:   global networks, competition, pricing, national competition policy, world trade rules, United States, bargaining, ICT, European Union, trade agreements

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