Information and Communications Technologies and the New Globalization

Information and communications technologies (ICT) have become so ubiquitous that no company, industry, or country can afford to ignore their impact, argues Stephen Ezell in Vanguardia. From mobile banking and cloud computing to AI-enabled translation software, these innovations are reducing traditional barriers to international connectivity in unprecedented ways. This new era of globalization will vastly improve quality of life in developed and developing countries alike, but only if policymakers refrain from digital mercantilism and overly burdensome regulation.