Eugene A. Sekulow
Telecommunications has always been regarded as an intrinsic part of any national infrastructure and an essential growth engine. Countries understand that there is more than a casual relationship between the ability to communicate and economic development; a communications infrastructure enables more efficient economic transactions to be consummated. As Hormats will develop in the next chapter, the convergence of modern telecommunications and information technology (IT) will enable the revolutionary, trillion- dollar marketplace of electronic commerce to be a reality within the next few years.
Because telecommunications has traditionally been considered by most countries to be of strategic and fundamental importance, it has been typically categorized as a "sensitive" sector requiring government protection through relatively heavy legislation and regulation. Indeed, in Germany, for example, basic telephone service is a citizen's inherent right enshrined in the basic law. We reconsider here the applicability of heavy regulation, not the reality that it is a sensitive sector, in light of our changing world of information.
Telecommunications and the IT that supports it will be the lifeline of the twenty-first century. As McCurdy has set forth in an ear-