A Tale of Two Bubbles: The Dot.Com and 3 G. Crashes of 2000-2002
This paper examines the regulation of digital technologies in the USA and the EU in the 1990s and the early 2000s. It compares and contrasts the role played by the public and private sectors in fostering convergence and hightlights the unintended consequences of public policy and markets in both. The particular weaknesses of the European Commission as policy entrepreneur in fostering convergence through 3 G technology is contrasted to the decades old relationship between US defence establishment, universities and federal government and regulatory agencies. Regulatory or market failure in both the USA and the EU undermined the telecommunications industry in each, but the road to disaster followed separate trajectories.
Keywords: Digital Convergence, EU, USA, Regulation
Dr Carl Levy
Head of Department of Politics, Reader in European Politics, Department of Politics, Goldsmiths College, University of London