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The chapters in Part I, written by leading specialists in their areas of telecommunications and media, provide the conceptual framework on policy issues, industrial trends and the economics underlying them.
The opening chapter in Part I is by Martin Cave and examines trends in telecom policies and regulation. In many ways this chapter touches upon all the aspects subsequently covered in this volume and according to which the country chapters of Part II are organized. The focus of this chapter is upon fixed line development and latterly upon the regulation of next generation networks and convergence, for example between fixed and wireless mobile. The regulation of wireless and mobile telecoms is dealt with separately in the chapter by William Melody on spectrum management. Cave takes a ‘market failure’ paradigm within which to discuss the need to regulate and the efficacy of regulation, and uses the metaphor of ‘the ladder’ that needs to be climbed as the telecoms sector moves up the rungs from a regulated monopoly towards a free and openly competitive market. The problematic of the chapter could perhaps be summed up as ‘What's desirable? What's workable? What's the progression path?’
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