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Providing a unique empirical analysis of how systems of innovation undergo far-reaching transformation and change, this book will be of interest to economists and scholars involved in issues relating to innovation, technology, economic development and East-West integration. Policymakers in the EU and in Central and East European countries and practitioners involved in innovation-related activities will also find it of great appeal.
Competition in network industries faces particular problems which are analyzed from both a theoretical and policy perspective. Issues of vertical integration, deregulation and privatization are covered. While competition and privatization are rapidly unfolding in telecommunications in Western and Eastern Europe, energy and railway transportation represent sectors of more gradual liberalization. The different market characteristics of telecommunications, energy and transportation raise consistency problems in the fields of deregulation, investment strategies and internationalization. While transformation policies create opportunities for liberalization in Eastern Europe and Russia the latter shows critical problems in ending monopoly and state ownership. Network industries could be subject to competition and promise major investment opportunities plus consumer benefits.
Covers: technological trends and issues; the European market for telecom services; European activities and strategies of U.S. telecom firms; users' perspectives--views of U.S. services exporters; telecom in Central and Eastern Europe; domestic regulation and international trade negotiations; how telecom policy is made; international investment and domestic infrastructure, and more. Graphs, diagrams and drawings.