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Internet telephony is a voice service over the Internet. It is different from the present telephony service which is transported over the circuit switched public telephone network because Internet telephony is transported using Internet protocols over packet switched networks.
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This paper aims to increase awareness of how traffic exchange occurs on the Internet and how infrastructure and financial interconnection arrangements (including peering and transit) to accomplish traffic exchange are developing.
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Rapid technological advances in information and communication technologies and their widespread diffusion have led some to speculate about "frictionless" economies where transaction costs are nearly zero, barriers to entry and contestability disappear and markets clear instantly.
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Convergence between different telecommunication and broadcasting infrastructures and services is increasingly raising challenges for regulatory frameworks and may require adjustment in view of emerging services.
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The Domain Name System (DNS) maps Internet addresses and is a necessary element enabling communication routing to function. While some may view the DNS as a narrow technical issue its implications for GII-GIS are extremely important.
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This report describes the framework conditions necessary for the favourable development of global electronic commerce and the action required by governments at national and international level.
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As information technologies become more ubiquitous, their economic impact becomes both more significant and more diffuse. The 1997 Information Technology Outlook analyses several relevant issues.