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AssessmentsNov 21, 2019 | 10:00 GMT
During the latest protests, the government of Iran has shut off access to the internet in most of the country.
The Growing Power and Threat of Government-Imposed Internet Blackouts
Amid the recent bout of nationwide protests in Iran, government-enforced blackouts have taken more than 90 percent of the country's internet offline and blocked most Iranians from communicating with the outside world. The move has drawn substantial international media attention, and #Internet4Iran has been a worldwide trending topic on Twitter. Tehran blocked the internet during protests in late 2017 and early 2018, but the scale of the current blackouts is unprecedented in Iran. Governments are likely to continue to use internet blackouts for the foreseeable future, especially as they gain more control over internet and mobile networks.
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Contributor PerspectivesAug 21, 2019 | 19:28 GMT
A visual representation of bitcoin on display on April 3, 2019, in Paris.
The Future of Cryptocurrencies
More than 10 years since the first bitcoin transaction in January 2009, and almost two years since a speculative spike pushed the price per bitcoin to almost $20,000, cryptocurrencies are moving beyond cypherpunks and anti-government culture into the world of governments and traditional institutions. The transition is impossible to ignore. While some governments, central banks and financial companies see cryptocurrencies as a threat, others want to harness the advantages they offer. And some governments see cryptocurrencies as a way to save their own struggling economies. To understand whether nonsovereign currencies can serve as a default currency and what threat they pose to governments or how beneficial they might become, it's useful to examine some of the most interesting geopolitical and corporate use cases available.
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Contributor PerspectivesMay 14, 2017 | 13:00 GMT
Considering Globalization's Dark Side
The word "innovation" is often thrown around as if it were a panacea to all of the world's problems. Innovation, whether technological or otherwise, has certainly propelled the global economy ever forward over the past few centuries, but this movement has not always been so clearly one-directional. Perhaps the term "creative destruction," popularized by the economist Joseph Schumpeter, ought to accompany "innovation" in such discussions more frequently.
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AssessmentsAug 25, 2016 | 09:30 GMT
The World's Economies Are Learning to Share
The World's Economies Are Learning to Share
One of the most profound -- and potentially disruptive -- developments in the world's economy over past five years has been the rapid growth of the so-called "sharing economy." The technologically driven networks underpinning the concept, also known as the peer-to-peer (P2P) economy, have grown so much that many countries are trying to add P2P to their official gross domestic product data to better monitor the sector's development. Recently, a P2P technology platform was at the center of one of the largest acquisitions in China's history, when Chinese network transportation company Didi Chuxing agreed to acquire Uber's China operations for $35 billion. Technological advancements, specifically in communications, have already brought substantial changes to a number of sectors, and with continued double-digit growth, the P2P economy will transform more and more industries in the future.
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