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 | |
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 |