"The Information Minister outlines his plan to sustain the country�s tech lead -- As its domestic IT markets grow increasingly saturated, and competition from neighboring countries stiffens, South Korea stands at a dangerous juncture: find a way to sustain its lead, or watch the work of two decades fall by the wayside. That�s why Daeje Chin, the South Korean Minister of Information and Communication, spent the week schlepping around the San Francisco Bay Area. He touted South Korea�s �ubiquitous information society� and met with Silicon Valley companies. More than anything, he looked for foreign capital that could jump-start his country�s flat-lining industries. South Korea has one of the most advanced IT industries in the world, boasts top cell phone adoption rates, and leads the globe with 75 percent broadband penetration."
Try to imagine this scenario, that General Motors and Ford were given exclusive franchises to build America's interstate highway system, and also all the highways that connect local communities. Now imagine that, based upon a financial crisis, these troubled companies decided to convert all "their" local arteries into toll-roads -- they then use incremental toll fees to severely limit all travel to and from small businesses. Why? This handicapping process reduced the need to invest in building better new roads, or repairing the dilapidated ones. But, wouldn't that short-sighted decision have a detrimental impact on the overall national economy? It's a moot point -- pure fantasy -- you say. The U.S. political leadership would never knowingly risk the nation's social and economic future on the financial viability of a restrictive duopoly. Or, would they? The 21st century Global Networked Economy travels across essential broadband infrastructure. The forced intro...