The Routledge Companion to Network Industries
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market. development. Wolter. Lemstra. and. William. H. Melody. Introduction. Telecommunication is widely considered an important contributing factor to economic productivity and growth, as reflected in a strong correlation between gross domestic product (GDP) per capita and teledensity. With the emergence of the Internet, the role of the telecoms industry has become even more important, as economic and social activity is increasingly electronically mediated and transacted online.