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SUMMARY

At present we are in a global socioeconomic transition period, changing from an industrial-based analog economy to an information-based digital economy. The impetus for this transition has been fueled by four converging trends:

  • The global deregulation of the communications and utility industries.

  • The decreasing costs and increasing power of silicon intelligence (microchip processors).

  • New communications technology, like broadband local loop connectivity and in-home networks, that will bring high-speed Internet access to residential consumers.

  • The adoption of the Internet as a commercial channel.


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