5G internet could dilute net neutrality in key regions

Subject Net neutrality. Significance The US Federal Communication Commission (FCC)'s plan to roll back its net neutrality policy will enter into force on June 11 after multiple delays. The move faces opposition within Congress and across the country. Elsewhere in the world, net neutrality appears to be holding up, but industry pressure is mounting. Impacts Telecoms firms will seek ways to favour entertainment content produced by subsidiary companies. Autonomous vehicles are most likely to require prioritisation of internet traffic and new pricing policies. Several regions, such as Europe and India, will face tough civil society action against any dilution of net neutrality.

2019 ◽  
Vol 2 (1) ◽  
pp. 98-107
Author(s):  
Haiping Qiu ◽  
Min Zhao

Purpose The world currency is endowed with two inherent contradictions, namely, the general contradiction of all currencies and the special contradiction between the quality and quantity of the world currency. The paper aims to discuss these issues. Design/methodology/approach In the wake of the Second World War, the USA, with its strong economic and military strength, established an international monetary system centered on the US dollar (USD). This gave USD the status of “world currency” and bounded it to the US imperialist hegemony with mutual integration and interaction, making it possible for USD capital to conduct international exploitation and wealth plundering extensively around the world. Findings The contradiction between the capital logic and the power logic, which is inherent in capital accumulation models of the new imperialism, also indicates the inevitable decline of USD. Originality/value This constitutes an important feature of the new imperialism. However, as a sovereign currency, USD has inextricable and inherent contradictions while exercising its function as the world currency.


Subject The non-appearance of an expected EU anti-corruption report. Significance The European Commission’s cancellation of its second report on anti-corruption efforts across member-states and EU institutions removes a key benchmark against which to hold European governments to account at a time when several are attempting to roll back anti-corruption reforms and disable checks and balances. Given the political sensitivity of the first report, the move also feeds populist criticisms that the EU itself is prone to corruption and unwilling to expose itself to scrutiny. Impacts Populist governments appear to be learning from one another that they can remove limits on their power. This will allow interest groups to entrench their political and economic dominance, hindering economic growth in the long run. The US president’s attacks on parts of the media for ‘fake news’ may encourage use of anti-establishment rhetoric to discredit critics.


Subject The Paris Agreement and US withdrawal. Significance President Donald Trump announced his intention to withdraw from the Paris Agreement on climate change on June 1, prompting criticism from around the world. While current pledges are unlikely to change and the agreement will not see flight or withdrawal by other countries, US withdrawal imperils the ability of the agreement’s structure to accelerate climate action to a scale necessary to meet its objective of limiting global warming to below 2 degrees centigrade by 2100. Impacts The US private sector and sub-national polities will increase their climate action, though the loss of federal support will still be felt. A future US administration could re-enter the agreement, but substantial momentum will be lost diplomatically in the intervening years. Calls for greater adaptation -- rather than mitigation -- funds from climate-vulnerable states will grow more strident.


Subject Prospects for global trade in 2020-24. Significance US-China competition and a ‘populist backlash’ against trade in advanced nations are intensifying fears that the world is entering de-globalisation. World trade volumes are expected to grow modestly in 2019 and 2020, while the US-China trade conflict roils the multilateral trading system and global value chains, harming investment and job creation.


Significance Trade activity has been sharply downgraded: five years ago, the Fund expected 5.6% trade volumes growth this year. Now it sees 1.1%, one-third of the pace it forecast in April. The dichotomy between the Fund describing the recovery as “precarious”, and nonetheless predicting strong or steady growth for 2020, suggests that it perhaps has more faith in the precariousness than in the 2020-21 estimates. Impacts Growth is slowing in 90% of the world economy; this will rise if emerging markets such as Turkey and Iran suffer a double-dip recession. Targeting 2% inflation is becoming inappropriate for the ECB, the Bank of Japan and even the US Fed; thus, monetary innovation is likely. Financial markets focus on tariffs and the chances of a US-China deal, but this is misleading as non-tariff barriers are much larger.


Significance Calls by the UN and civil society organisations for a cyberspace ‘ceasefire’ have made little difference. Impacts Trust in multilateral institutions such as the World Health Organization will be undermined if they suffer cyberattacks. Post-pandemic, China is likely to experience a rise in cyber intrusions from upcoming cyber actors such as Vietnam. Although better prepared than research institutions, large pharmaceutical firms are not immune to cyberespionage.


Significance It dropped to 332.2, a decline of 5.7% since March 10, when the forint reached its strongest level against the euro this year. While the forint has fallen steadily against the single currency over the past several years -- it has lost 18% since November 2012, with half the decline occurring since mid-2017 -- it has come under more strain since March, owing to a combination of fallout from the US-China trade war and the persistently dovish policy stance of Hungary’s Central Bank (MNB). Impacts Markets have become increasingly pessimistic about the growth prospects for the euro-area. A technical recession is increasingly probable in Germany, where the benchmark ten-year government bond yield is at a near-record low. Central Europe’s economies are decoupling from the industrial slowdown in the largest EU economy, although divergences are narrowing. Renewed hopes of a US-Chinese trade truce, including a possible roll-back of existing tariffs, are improving sentiment towards EM.


Significance This escalates Washington’s attempts to prevent Chinese leadership in 5G telecommunications and presents Beijing with a huge challenge. It threatens to accelerate the ‘decoupling’ of the telecommunications equipment industry. Impacts Huawei is one of the largest chip buyers in the world, so US chip manufacturers may face significant loss of income. A race is underway between China’s efforts to upgrade indigenously and the growing obsolescence of its existing systems. If Huawei cannot service infrastructure overseas, customers will turn to costlier alternatives and may blame Washington for this expense. Beijing may be exercising restraint because of the US election, hoping a Biden presidency would relax some of the most aggressive measures.


2015 ◽  
Vol 28 (1/2) ◽  
pp. 70-76 ◽  
Author(s):  
Mike McGrath

Purpose – The purpose of this paper is to consider the changes that have taken place in Interlending & Document Supply over the past 12 years. Design/methodology/approach – Research of the past 48 literature reviews published in Interlending & Document Supply. Findings – Over the past 12 years, Interlending & Document Supply has declined dramatically in much of the world, although less so in the US. It is likely to increase in the developing world but not as much as to compensate for the decline elsewhere. Originality/value – This is the only study that has been made of the changes in document supply in this century.


Subject Prospects for government intervention in the airline industry. Significance The leading Gulf airlines -- Emirates, Qatar and Etihad -- have risen rapidly over the last decade to become major players in the world air transport business. This has been at the expense of long-haul carriers in the United States, Europe and Asia-Pacific. US and European airlines are demanding action that could threaten liberalisation of the international airline industry. Impacts Neither the US government nor EU authorities are likely to unravel the network of international air transport agreements. Yet both Democratic and Republican politicians will be sensitive to demands from core constituencies. Further airline industry liberalisation and growth of Gulf based airlines may therefore be delayed.


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