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Deregulation, privatization and internationalization of the telecommunications industry has brought about enormous changes within both the European and world economy. The dynamics of the Internet and the recent wave of innovations in the telecommunications and computer industry have given rise to new opportunities for entrepreneurship, employment and growth. No doubt, the dynamics and imperfections of today`s information markets raise crucial challenges for Western Europe. The changing patterns of innovation in the digital economy have forced governments to consider new strategies to promote innovation, network effects and growth. In response to these developments this text presents new approaches to macroeconomic modelling, growth theory and trade analysis. Still further, the deregulation policies of OECD-countries are analyzed. An indispensible text for academics and professionals who want to deepen their knowledge of how the New Economy revolution continues to change the economy.The financing of internet-based firms is an interesting challenge for stock markets and banks. ... Let us pick up the last point: The internet age is one in which barriers to market entry have reduced in the sense that the minimum investment to start a web-based ... This implies that the US and the UK should have first mover advantages in the internet business simply because of easier financing conditions.
Author:Paul J.J. Welfens
Publisher:Springer Science & Business Media - 2012-11-15


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