The Impetus to Deregulate
Parts of Europe were deregulated in 1997 and Asia, including Japan and Singapore, are just opening their markets as is Australia. Latin America began opening its markets in 1997. Two factors are pushing deregulation: the desire to be part of the World Trade Organization (WTO) and the prospect of upgraded network infrastructures. A requirement for joining the WTO is that countries liberalize their market for imports and foreign companies. WTO members derive benefits from having more companies to buy and sell services with on a quid-pro-quo basis.
Many countries created telecommunications monopolies to ensure the presence of secure telecommunications. Given the availability of new technologies, this is no longer required. ...
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