Anthony J. Pennings, PhD

WRITINGS ON DIGITAL STRATEGIES, ICT ECONOMICS, AND GLOBAL COMMUNICATIONS

Weak Domestic Dollar, Strong Global Dollar

Currently the dollar is weak domestically and strong globally. In this post, I examine the dynamics of the US dollar and why it operates differently within the domestic US and globally.

MMT in a Post-Covid-19 Environment

We hear the term “printing money” a lot, usually by gold or bitcoin enthusiasts who believe in establishing strict financial constraints. By establishing “hard money” and limiting the quantity of money in an economy, they hope to see their assets rise in value while keeping prices down. Certainly, governments do print some of their money for public use, but the preponderance of funds are entries in digital ledger accounts.

US Technology Diplomacy

I’d like to cover three areas about US technology diplomacy. First, I want to talk about America’s domestic renewal. Then I will address some of the major US institutions managing technology diplomacy. The State Department has the prerogative for taking diplomatic leadership but the USTR and Commerce Department are also involved. Lastly, I want to end with some comments on “norms” in multilateral technology diplomacy, particularly the “securitization” of cyber technology.

The North-South Politics of Global News Flows

This research argues that the road for the international Internet and e-commerce was substantially paved by the attempts to free up the global flows of financial news and information needed for the new regime of digital monetarism.

ICT and Sustainable Development: Some Origins

I teach a course called ICT for Sustainable Development (ICT4SD) every year. It refers to information and communications technologies (ICT) enlisted in the service of cities, communities, and countries to help them be economically and environmentally healthy. An important consideration for sustainability is that they don’t impose on conditions or compromise resources that will be […]

Show-Biz: The Televisual Re-mediation of the Modern Global Economy

Media industries “show” business and finance through various camera, editing, and special effects techniques, drawing in data from many sources and presenting them on different windows of high-resolution screens. These techniques create ways of seeing and showing the economy. Consequently, they influence public opinion as well as investment and trading strategies that shape global, local, and national economic activities and investment patterns.

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.

From Gold to G-20: Flexible Currency Rates and Global Power

When British author Ian Fleming published the James Bond spy novel, Goldfinger in 1959, the world was locking into a new framework for managing global trade and foreign exchange transactions. The New Deal’s Bretton Woods agreements tied participating currencies into a fixed exchange rate with the US dollar that itself was tied to $35 for […]

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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.