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worlD trADE orgAnizAtionDirECtor-gEnErAl rEnAto ruggiEro prEDiCtED thAt thE wto woulD Boost gloBAl inComEs By ﹩1 trillion in thE nExt tEn yEArs. thE pACt pAvEs thE wAy For morE ForEign invEstmEnt AnD CompEtition in tElECom mArkEts. mAny govErnmEnts ArE mAking tElECom DErEgulAtion A priority AnD mAking it EAsiEr For outsiDErs to EntEr thE tElECom- muniCAtion BusinEss.
thE pACE vAriEs wiDEly. thE u. s. AnDBritAin ArE wEll AhEAD oF thE pACk, whilE thAi- lAnD won’t BE Fully opEn until 2006. only 20% oF thE ﹩ 601 Billion worlD mArkEt is CurrEntly opEn to CompEtition. thAt shoulD jump to ABout 75% in A CouplE oF yEArs—lArgEly DuE to thE tElEComACt in thE u. s. lAst yEAr thAt DErEgulAtED loCAl mArkEts, thE opEning up oF thEEuropEAn union’s mArkEts From jAn. 1, 1998 AnD thE DErEgulAtion in jApAn. thE wto DEAl now proviDEs A Forum For thE inEvitABlE DisputEs Along thE wAy. it is Also symBoli
C、. thE First mAjor trADE AgrEEmEnt oF thE post-inDustriAl AgE. instEAD oF BEing oBsEssED with tExtilE quotAs, thE wto pACt is prooF thAt govErnmEnts ArE rEAlizing thAt in An inFormAtion AgE, tElECom is thE oil AnD stEEl oF EConomiEs in thE FuturE.BusinEssEs ArounD thE worlD ArE AlrEADy spEnDing morE in totAl on tElECom sErviCEs thAn thEy Do on oil.
ConsumErs, mEAnwhilE, CAn look ForwArD to A FuturE oF lowEr priCEs—By somE EstimAtEs, intErnAtionAl CAlling rAtEs shoulD Drop 80% ovEr sEvErAl yEArs—AnD BEttEr sErv- iCE. thAnks in pArt to thE vAstly inCrEAsED CAll volumE CArDED By thE FiBEr-optiC CABlEs thAt spAn thE gloBE toDAy, CAlling hAlF A worlD AwAy AlrEADy Costs littlE morE thAn tElEphoning nExt Door. thE monopoliEs CAn no longEr sEt high priCEs For intErnAtionAl CAlls in mAny CountriEs. in thE u. s. , thE worlD’s most FiErCEly CompEtitivE long DistAnCE mArkEt, FrE- quEnt CAllErs sinCE lAst yEAr hAvE BEEn pAying ABout 12 CEnts A minutE to CAllBritAin, A priCE not muCh morE thAn DomEstiC rAtEs.
thE nEw CompEtitivE EnvironmEnt on thE horizon mEAns morE opportunitiEs For CompA- niEs From thE u. s. AnD u. k. in pArtiCulAr BECAusE thEy hAvE plEnty oF prACtiCE At thE roughAnD tumBlE oF FrEE mArkEts. thE u. s. loBBiED hArD For thE wto DEAl, ConFiDEnt thAt its Firms woulD BE Big BEnEFiCiAriEs oF morE opEn mArkEts.BritAin hAs BEEn DErEgulAtED sinCE 1984 But will sEE EvEn morE CompEtition thAn BEForE, inDECEmBEr, thE govErnmEnt issuED 45 nEw intErnAtionAl liCEnsEs to joinBritish tElECom so thAt it will BEComE A strong CompEtitor in thE intErnAtionAl mArkEt. howEvEr, thE onCE-CossEtED inDustry will gEt roughEr worlDwiDE. rEturns on CApitAl will ComE Down. risks will go up. thAt is how FrEE mArkEts work. it will look likE Any othEr BusinEss.
whAt DoEs "wEll AhEAD oF thE pACk" mEAn in rEspECt oF thE u. s. AnDBritAinA．thEir tElECom tEChnology is muCh morE ADvAnCED、
B．thEir tElECom mArkEts ArE muCh morE opEn.
C、thEy hAvE morE monEy invEstED in ForEign tElECom BusinEss.
D．thEy hAvE morE CompEtition in thE tElECom mArkEts.