Book contents
- Frontmatter
- Contents
- List of figures
- List of tables
- Notes on contributors
- Acknowledgements
- 1 Internet economics, digital economics
- Part I Toward a new economy?
- Part II On-line communities
- Part III Network externalities and market microstructures
- Part IV Producing, distributing and sharing information goods
- Part V How e-markets perform
- Part VI Evolving institutional infrastructures
- Part VII The impacts of the Internet at the macro level
- 23 Mobile telephony and Internet growth: impacts on consumer welfare
- 24 Globalization, the Internet and e-business: convergence or divergence in cross-country trends?
- 25 ICTs and inequalities: the digital divide
- References
- Index
24 - Globalization, the Internet and e-business: convergence or divergence in cross-country trends?
from Part VII - The impacts of the Internet at the macro level
Published online by Cambridge University Press: 22 September 2009
- Frontmatter
- Contents
- List of figures
- List of tables
- Notes on contributors
- Acknowledgements
- 1 Internet economics, digital economics
- Part I Toward a new economy?
- Part II On-line communities
- Part III Network externalities and market microstructures
- Part IV Producing, distributing and sharing information goods
- Part V How e-markets perform
- Part VI Evolving institutional infrastructures
- Part VII The impacts of the Internet at the macro level
- 23 Mobile telephony and Internet growth: impacts on consumer welfare
- 24 Globalization, the Internet and e-business: convergence or divergence in cross-country trends?
- 25 ICTs and inequalities: the digital divide
- References
- Index
Summary
Introduction
Globalization has become the subject of heated debate in recent years, a debate that is being intensified by the spread of low-cost information and communications technologies (ICTs), particularly the Internet. There is excitement about the Internet's potential for linking people and organizations across great distances and national borders, opening new markets for business and providing greater choice for consumers. Yet there is concern in many countries that the Internet is accelerating a globalization process that is causing serious economic dislocation as competition intensifies, trade imbalances grow and jobs disappear.
The United States has led the world in adopting the Internet and creating new models of e-business. The environment for e-business in the United States has generally been positive, supported by a large consumer market, favorable government policies, a deregulated telecommunications market, a dynamic venture capital market and positive business and consumer attitudes toward information technology. U.S. companies have used the Internet to create new businesses, transform old ones and coordinate their supply chains. Outside the U.S., consumers have tapped the Internet to buy products that might be unavailable or expensive locally. Businesses are using the Internet to reach new markets and coordinate with global production networks.
However, many countries worry about the U.S.-centric technology, language and culture of the Internet, and fear being left behind if they fail to adopt new technologies and business practices.
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- Information
- Internet and Digital EconomicsPrinciples, Methods and Applications, pp. 663 - 692Publisher: Cambridge University PressPrint publication year: 2007