Industry Outlook Report The Future of Telecommunications
Issue 3, 1997
Telecommunications, Information technology, Media & Electronics (TIME)

The telecommunications industry has a special role in economic globalization: it is an enabler as well as a beneficiary of this phenomenon. The integration of telecommunications markets worldwide, together with new applications and technologies, is enabling multinational companies in other industries to operate globally and become more efficient and effective. At the same time, telecommunications benefits from globalization because communications revenue increases as a result of increased activity in world markets. Telecommunications is therefore in a "win–win" situation.