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Underlying the utopian notion of a supposedly borderless global village, I suspect, may be more than a trace of old-fashioned national chauvinism. For in today's information economy, after all, "global" pretty much means "American." .
America is the undisputed leader in most of the core competencies associated with digital technology. Hollywood, Silicon Valley, New York - these are the world capitals of entertainment, software, information content, and financial services. And the United States certainly dominates world markets for information-age products and services. .
As cable giant Tele-Communications Inc.'s CEO, John Malone, told me recently, "We're talking about America's leading export industry of the 21st century here. The United States has supremacy in both information and operations software. We're the dominant country in the world in computer software and the dominant country in entertainment software as well. These are clean industries, and they're in great demand around the world. They could be the bow of the ship leading a wonderful American economic resurgence in global markets." .
Time Warner CEO Gerald Levin notes that in the post-Cold War era, America's power and prestige may ultimately depend less on being a military superpower than on being an information and entertainment superpower. .
But the times they are a-changing. The spread of digital technology is giving rise to formidable new competitive challenges to US hegemony in global information-age markets. .
Mobile telephony is growing rapidly in Europe and parts of Asia, for example, making hardware market leaders out of companies like Nokia and Mitsubishi. It's not all Motorola's world anymore. In some respects, Europe's digital wireless technology is ahead of the still largely analog infrastructure for cellular telephony in the United States. What's more, in China and other regions of the developing world, Europe's digital telephony standard, known as GSM, is scoring significant competitive victories over US-backed systems.