Does the Internet have the potential to accelerate development in poor nations? Or is it an innovation that will widen the gap between wealthy and poor countries? This paper places the Internet in a framework of major innovations in modern economic history that have contributed to increased...

The new media technologies that began to assert themselves in the 1990s - the Internet, networked computers, and the other hardware and software that make possible the new media - have captivated both the investment community and the general public like nothing else in the memory of most people...