Talk at Waseda University

January 19, 1999

by Joichi Ito

Low Cost of Global Connectivity

Characteristic Models Examples
Borderless, Distributed Network "Out of Control" and no more sovereignty of nations IETF, Offshore Data/Tax Havens, TLD problems, Global Finance, Global Markets
Too Much Information Attention Economy Portals, Internet Traffic Model
Low Cost of Collaboration Non-Capitalist Asset Development, Online Communities

OSS/Linux

High Context Information/Media Products -> Services Copyright, Cygnus , Agent Disintermediation, News Feeds
Convergence of Telecom Services Large Scale Open Networks, End of Single Purpose Networks End of Telephone Companies (IP Telephony), End of DBS/TV

 

Evolution of Value and Exchange

The Market   The Firm   Community
Physical Assets Intangible Assets Social Assets
Metal, Food, Books   Process, Management, Risk, Copyright, Patents   Trust, Brand, Creativity, Open Source Software

 

Japan and the US

  • Reason for American Dominance in Information Businesses and Branding
    • Risk Valuation and Risk Taking
    • General Trust (Yamagishi)
    • Government Funding for Academic Aesthetics (Open Source Community)
    • Scale
  • Probable Future
    • Dominance in Japanese IT Industry by US
    • Japanese Companies to Service Foreign Interests
    • Leverage Cultural Assets to Add Value
    • Educate Next Generation
  • Risks
    • High Costs and Closed Markets Make Japan Undesirable
    • Japanese Companies Compete in IT Markets and Fail
    • Cultural Assets Lost and Collapse of Common Knowledge
    • Assets Spent on Bad Risks

Bibliography

Coase, Ronald H. The Firm, The Market, and The Law The University of Chicago Press, Chicago and London, 1988
Arrow, K. J. The Limits of Organization Norton, 1974
Barnard, Chester I. The Functions Of The Executive Harvard University Press, 1938
Chandler Jr., Alfred D. The Visible Hand : The Managerial Revolution in American Business The Belknap Press of Harvard University Press, 1996
Goldhaber, Michael H. The Attention Economy and the Net First Monday
Granovetter, Mark The Strength of Weak Ties - A Network Theory Revisited Marsden, P.V., and Nan Lin, Social Structure and Network Analysis, Sage, 1982
Hall, Edward T. Beyond Culture Anchor, 1977
Simon, Herbert A. The Sciences of the Artificial, Third Edition The MIT Press, 1969,1981
Aigrain, Phillipe Attention, Media, Value and Economics First Monday
Blau, Peter M. Exchange and Power in Social Life John Wiley & Sons, Inc., 1964
Fukuyama, Francis Trust: The Social Virtues and the Creation of Prosperity  
Ghosh, Rishab Aiyer Economics is dead. Long live economics! A Commentary on Michael Goldhaber's The Attention Economy First Monday
Mauss, M. The Gift: The Form and Reason for Exchange in Archaic Societies W. W. Norton
McLuhan, Marshall The Gutenberg Galaxy : The Making of Typographic Man University of Toronto Press, 1962
Raymond, Eric S. The Cathedral and the Bazaar First Monday
Raymond, Eric S. Homesteading the Noosphere First Monday
Smith, Adam The Wealth of Nations The Modern Library
Yamagishi, Toshio and Yamagishi, Midori Trust and Commitment in the United States and Japan Motivation and Emotion Vol. 18, No. 2, 1994

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