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Restrictions on foreign investment in U.S. telecommunications firms have harmed the interests of American consumers and investors, argues J. Gregory Sidak in this convincing study. Sidak shows why these restrictions, originally intended to protect America from the perils of wireless telegraphy by foreign agents, should be repealed. Basing his analysis on legislative history, statutory and constitutional interpretation, and finance and trade theory, Sidak shows that these restrictions no longer serve their national security purpose (if they ever did). Instead they deny American consumers lower prices and more robust innovation, hamper access of American investors to foreign telecommunications markets, and unconstitutionally impinge on freedom of speech. Sidak's study encompasses the Telecommunications Act of 1996, recent global mergers such as British Telecom-MCI, and the 1997 World Trade Organization agreement to liberalize trade in telecommunications services.

Telecommunication --- Investments, Foreign --- Law and legislation --- E-books --- foreign investment, telecommunications, business, legislation, regulation, government, capitalism, wireless telegraphy, national security, finance, ownership, control, policy, free speech, wto, nonfiction, consumers, prices, innovation, british telecom-mci, economics, world trade organization, constitution, law, legal, politics, corporate, commerce.

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"The Criterion journal on innovation publishes articles on the law and economics of innovation. Publication is exclusively online."

Technological innovations --- Technology and law --- Business enterprises --- Patent laws and legislation --- Patent laws and legislation. --- Technology and law. --- Law and legislation --- Economic aspects --- Technological innovations. --- Economic aspects. --- Law and legislation.

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"The Criterion journal on innovation publishes articles on the law and economics of innovation. Publication is exclusively online."

Technological innovations --- Technology and law --- Business enterprises --- Patent laws and legislation --- Law and legislation --- Economic aspects

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Broadband is a key enabler of the information society, increasing productivity and competitiveness across all sectors of the economy. Unlike traditional n- rowband connections, broadband provides high speed, always-on connections to the Internet and supports innovative content and services. Direct consumer welfare gains from mass-market adoption of broadband across the EU could easily reach 50 billion euros or more per annum. This is quite apart from the more profound societal shifts that ubiquitous broadband could bring. It may allow the individual to distribute content and ideas independent of traditional media and bring together communities of interest without regard to borders. Public policy for broadband will have a big impact on whether and how quickly these bene?ts are realised. Getting policy right could bring large bene?ts for consumers, ?rms and the economy at large; getting policy wrong risks s- ?ing both the rollout of broadband and new innovative services, and thus the realisation of the EU's e-Europe vision. In this book, we focus on the residential market for broadband access in EU countries, analysing the current and prospective level of competition and dr- ing implications for public policy. A key aim is to understand better the relative importance of facilities-based and access-based provision in fostering com- tition and promoting take-up of broadband services.

Economic policy and planning (general) --- Engineering sciences. Technology --- technologiebeleid --- economische politiek --- Europese eenmaking --- Europe

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