Intro -- Contents -- Acknowledgments -- Introduction -- I The Inflection Point -- 1 The Next Revolution in Global Information and Communication Markets -- 2 The First Two ICT Eras -- 3 Modularity at the Inflection Point -- 4 Modularity and Innovation -- 5 The Political Economy of the Inflection...

This paper analyzes some of the elements of the new economy. What is really new is first of all the technological innovation. In economic terms what is new is a new product. The new IT product brought about by the new technology means two different things: a new device to handle data and to...