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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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The First Two ICT Eras

The First Two ICT Eras

(p.19) 2 The First Two ICT Eras
Transforming Global Information and Communication Markets

Peter F. Cowhey

Jonathan D. Aronson

Donald Abelson

The MIT Press

This chapter establishes a base line for the change by analyzing the two eras of information and communication technology (ICT) development, the first of which began during the early postwar years and extended to the breakup of AT&T. The second period stretches from 1984 to about 2000. The chapter also addresses the technological and political economic factors that drove the shifts in the American market from the 1950s until 2000. Two policy elements are highlighted: (1) The ICT industry, which has gradually grown more modular since the 1950s; and (2) pro-competitive policies. The chapter shows that the first era of policy change introduced the principle of modularity, and also notes that the second era is called an era of “managed competition.”

Keywords:   ICT, AT&T, American market, modularity, managed competition

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