Anthony J. Pennings, PhD

WRITINGS ON DIGITAL STRATEGIES, ICT ECONOMICS, AND GLOBAL COMMUNICATIONS

Will Offshore Wind Power Print Money?

The economics of offshore wind energy are very much like media economics – high upfront costs and low marginal costs. Wind power requires major capital influx to set up but once operational, the wind is free. Lubrication and other maintenance is needed at times but as long as the wind is blowing, electricity and thus money is being created.

COVID-19 and US Economic Policy Responses

In this post, I look at how the Federal Reserve and Congress addressed the economic ramifications of the emerging pandemic in 2020.

Five Generations of Wireless Technology

The term “generations” has been applied to wireless technology classifications as a way to refer to the major disruptions and innovations in the state of mobile technology and associated services. These innovations include the move to data and the Internet protocols associated with convergence of multiple forms of communications media (cable, mobile, wireline) and the wide array of services that are becoming increasingly available on portable devices like laptops and smartphones. We are now on the cusp of the 5th generation rollout of wireless services with intriguing implications for enterprise mobility, “m-commerce,” public safety and a wide array of new entertainment and personal productivity services.

US Internet Policy, Part 3: The FCC and Consolidation of Broadband

Despite the design and the efforts of the Clinton-Gore administration to create a competitive environment, the Internet came to be increasingly controlled by a small number of ISPs. It is important to understand the policy environment and administrative actions that changed the Internet into the oligopolistic market structure that dominates broadband today. Policy changes allowed telcos to transition from the neutral transmitters of communication to the communicators themselves.

Korea in a Post Covid-19 World, Part 3: The Green New Deal

I examine Korea’s concerns about its quality of life and some of its plans for addressing related economic and environmental issues. Despite impressive economic growth and infrastructure development, the country suffers from congested highways, industrial waste, and regular occurrences of high particle content in its air. Consequently, the Moon administration embraced a Green New Deal in mid-July 2020 to address these issues and pursue opportunities for green growth industries with export potential.

Korea in a Post Covid-19 World, Part 2: Merging Digital and Green New Deals

This post continues the discussion of the recent responses by Korea to the COVID-19 pandemic and its economic repercussions. It introduces the Digital New Deal and helps transition to the Green New Deal.

The Two Santa Claus Theory of Economic Growth and the Prospects of Modern Monetary Theory (MMT)

Intentional deficit spending is not strictly a Democratic agenda. Republicans pushed related ideas with the Two Santa Claus Theory: deficit spending and tax cuts for the rich. Written in March 1976, by Wall Street Journal editorial writer, Jude Wanniski stressed that for economy to be healthy, US politics should have a division of labor between Democrats and Republicans.

Korea in a Post-Covid-19 World, Part 1: The Korean New Deal

The New Deal term has circulated extensively in the wake of the concerns about climate change and more recently in thinking about a COVID-19 epidemic.

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  • About Me

    Professor at State University of New York (SUNY) Korea since 2016. Moved to Austin, Texas in August 2012 to join the Digital Media Management program at St. Edwards University. Spent the previous decade on the faculty at New York University teaching and researching information systems, digital economics, and strategic communications.

    You can reach me at:

    apennings70@gmail.com
    anthony.pennings@sunykorea.ac.kr

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    The opinions expressed here do not necessarily reflect the views of my employers, past or present.