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Introduction Emanuele Giovannetti, Mitsuhiro Kagami and Masatsugu Tsuji 1. Transformation of the Japanese system towards a network economy Masatsugu Tsuji 2. IT revolution and its meaning to society Mitsuhiro Kagami 3. The IT revolution and telecommunication infrastructure Masatsugu Tsuji 4. International division of labour in East Asia's IT industry Hiromi Ohki 5. Electronic industry in Asia: the changing supply chain and its effects Yasushi Ueki 6. IT diffusion in Southeast Asia: the cases of Singapore, Malaysia and Thailand Norihiko Yamada 7. IT revolution, internet and telecommunications: the transition towards a competitive industry in the European Union Emanuele Giovannetti 8. Globalising information? The IT revolution in Central and Eastern Europe Tanga McDaniel 9. Human capital in the move up the value chain: the case of Indian software and services industry Paul Kattuman and Kumar Iyer 10. Internet access and regulatory reform: the experience of South Africa Emanuele Giovannetti 11. IT revolution in the US: current situation and problems Soon-Yong Choi and Andrew B. Whinston 12. Effects of IT revolution on firms and the global economy Soon-Yong Choi and Andrew B. Whinston 13. Internet-based globalisation and international division of labour Soon-Yong Choi and Andrew B. Whinston Conclusions Emanuele Giovannetti, Mitsuhiro Kagami and Masatsugu Tsuji.