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Accelerating the Globalization of America

The Next Wave of Information Technology

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Information technology (IT) was key to the superior overall macroeconomic performance of the United States in the 1990s?high productivity, high growth, low infl ation, and low unemployment. But IT also played a role in increasing earnings dispersion in the labor market? greatly rewarding workers with high education and skills. Th is US performance did not happen in a global vacuum. Globalization of US IT fi rms promoted deeper integration of IT throughout the US economy, which in turn promoted more extensive globalization in other sectors of the US economy and labor market. How will the increasingly globalized IT industry aff ect US long-term growth, intermediate macro performance, and disparities in the US labor market? What policies are needed to ensure that the United States remains fi rst in innovation, business transformation, and education and skills, which are prerequisites for US economic leadership in the 21st century? Th is book traces the globalization of the IT industry, its diff usion into the US economy, and the prospects and implications of more extensive technology-enabled globalization of products and services.

Prefacep. xi
Executive Summaryp. xv
Acknowledgmentsp. xxix
Accelerating Globalization: Why Focus on Information Technology?p. 1
Globalization in a Petri Dishp. 2
Defining Information Technologyp. 3
Economic Characteristics of ITp. 5
Linkages Between US Firms and Global Markets for IT Productsp. 11
An Expanding Global Marketplacep. 12
Integrating US Firms into the Global Marketplacep. 27
Foreign-Owned IT and Communications Firms in the US Marketplacep. 38
The Rise of the Global IT and Communications Companyp. 52
The Shifting Global Market for Semiconductorsp. 56
How to Classify and Rank the Top Technology Companiesp. 58
Globalization and IT Prices, Diffusion, and Productivityp. 61
Globalization of IT and Implications for Pricesp. 62
Macroeconomic Overview of IT Investment in the US Economyp. 70
IT Diffusion and US Productivity Growthp. 74
The US Experience Compared with Other Countriesp. 89
Information Technology, Outsourcing, and the New International Trade in Servicesp. 97
US Cross-Border Trade in IT Productsp. 98
IT and International Trade in Business and Professional Servicesp. 105
Prospects for Further Trade in Servicesp. 116
Challenges of International Trade Data for IT Productsp. 122
Information Technology and Labor Marketsp. 125
IT and the US Labor Marketp. 126
Globalization of Business Services and White-Collar Jobsp. 135
International Trade in Skilled Labor: Cross-Border Movement of IT Professionalsp. 142
Globalization of Innovationp. 159
R&D, Innovation, and Growthp. 160
Information Technology R&D: Who, How Much, and Where?p. 162
Human Capital and Innovationp. 178
Globalization of Venture Financep. 185
A Look Forward with a Policy Agendap. 191
A Proactive Policy Agendap. 194
A Plea for Datap. 199
Final Wordp. 199
Methodology and Definitionsp. 201
Referencesp. 213
Indexp. 223
Tables
Large and growing markets for ITp. 14
Country ranking and concentration of global IT exports and imports, 1990, 2000, and 2004p. 20
Country ranking and concentration of global communications exports and imports, 1990, 2000, and 2004p. 22
Sales by US IT hardware majority-owned foreign affiliates, by destination and industry of parent, selected yearsp. 32
IT and communications sector cross-border mergers and acquisitions, by country, 1995-2003p. 43
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780881323900
ISBN-10: 088132390X
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 237
Published: 1st June 2006
Dimensions (cm): 22.8 x 15.4  x 1.4
Weight (kg): 0.395