Abstract
Since the beginning of the 1990s, the European telecommunications market is in a phase of transition. Liberalization pressure is coming from liberalized national markets as well as from national and supranational organizations such as the European Commission. The experiences in liberalized telecoms markets such as USA (1983), Great Britain (1984), Japan (1985), Korea (1990), New Zealand (1991) Sweden (1992) and Finland (1994) made it clear that competition leads to higher efficiency of telecoms operators, lower prices, and better quality of services as well as to innovative network systems and value-added services. Reliable and low-priced network services are not only crucial for the efficient functioning of a national economy but are also an important determinant of its international competitiveness. National economies with a liberalized telecoms market therefore have an advantage, that helps them not only to compete in international markets for tradable goods and services but also to attract foreign direct investment.
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Graack, C., Elixman, D. (1999). Deregulation, Privatization and Internationalization of European Telecoms Markets. In: Welfens, P.J.J., Yarrow, G., Grinberg, R., Graack, C. (eds) Towards Competition in Network Industries. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-60189-7_4
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DOI: https://doi.org/10.1007/978-3-642-60189-7_4
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