A contradiction coils through the political economy: that today's financial and economic crisis began in the historical heartland of advanced information and communications technology (ICTs): the United States. It was not supposed to turn out this way. ICTs were to be the source of economic...

The ICT industry has been the driver for economic growth for several years before the financial crisis. The purpose of the paper is to look at the effects of last financial crisis on the ICT industry and how this macroeconomic shock was transmitted to households. Since the cost of capital became...