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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 Political Economy of the Inflection Point

The Political Economy of the Inflection Point

(p.95) 5 The Political Economy of the Inflection Point
Transforming Global Information and Communication Markets

Peter F. Cowhey

Jonathan D. Aronson

Donald Abelson

The MIT Press

This chapter discusses the changing political economy of policy in the United States. It reviews the political and economic logic of debates over telecom competition policy, such as the debates over “net neutrality,” content, and information-market policies. The United States is the initial focus of the chapter so as to keep the analysis manageable. The chapter suggests that the United States remains the leading market for a wide swath of information and communication technology (ICT) solutions, and also examines the political economy of initial American choices in response to modularity at the inflection point. It shows that it is a challenge to find a political formula in the United States that allows for easy clearance of digital rights, reasonable fair use, and efficient charging and disbursement of fees for uses of copyright.

Keywords:   political economy, United States, modularity, inflection point, net neutrality, telecom competition policy, ICT, information-market policies

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