Policy and Development Challenges of the Internet Economy

There are two approaches to assessing the impact of the Internet. Cyber-optimists claim that the Internet is one of the most important innovations of the last century (or ever!) and will revolutionize the U.S. and world economies. Cyber-optimists tend to live in places like Silicon Valley, Austin, Texas, near Route 128 around Boston and in the Dulles Access corridor near my home in Washington, D.C. By and large, cyber-optimists are already plugged into the Internet world, and they think that if you are not also then you are not “with it”.