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We are in the midst of a global information revolution driven by the convergence and proliferation of information and communication technologies. The telecommunications sector is changing at warp speed, driven by technological innovation that results in new equipment and services, and also by new entrants and alliances between companies with experience in a wide range of information industries from telecommunications to broadcasting to computer hardware and software to publishing. Three major trends are driving these …

…callback services that undercut international tariffs. Yet these strategies are likely to be limited to an elite few with the technical know-how or political connections to end-run the regulations. Only where governments recognize that suffocation is worse than a few flies will the gaps really disappear. Remaining barriers New technologies have eliminated distance for the international finance industry, which trades not only around the world but around the clock; for employees who collaborate on proj