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The boom in information for consumers has also severely weakened middle-market firms.
Moreover, people have been moving their money into stocks that reflect a modest boom in information technology, telecommunications and the Internet, at the expense of traditional Japanese companies.
"This stranglehold will stifle innovation as these duopolies discriminate against unaffiliated applications and services that in the past have driven the growth of the Internet and the boom in information technology," Mr. Cooper said.
Pressing the need for a boom in information technology, Mr. Clinton told the young people they should work to have a computer in every village and a cell phone in every business.
"This situation", the researchers wrote, "threatens to inhibit the progress of the current boom in information technology".Special report The beast of complexity Gathering steam Out in the open Battle of the platforms The X-files All together now Design Darwinism A touch of concrete As goes software... ReprintsThe group is even more concerned about the current fragility of software.
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Mr. Bush argues that it was the Reagan administration's tax cuts in the 1980's that fueled the bullish economy of the 1990's, but others give credit to, among other things, the Clinton administration's championing of deficit reduction and the boom in the information and technology sectors.
The digital-money business is built on the premise that electronic commerce will bring a boom in "microtransactions" for information goods or services: buying a newspaper article for a quarter, say, paying a few cents a day to see a favourite comic strip, or renting software by the hour.
During the 1990s dot-com boom, he grew interested in information technology, and over the course of a decade graduated from job to job in the IT department of the University of Connecticut Health Center in Farmington while learning basic hospital systems, the ins and outs of electronic health records, and the process of clinical research.
First, in recent years many economies have been driven by common factors: the boom and bust in information-technology shares, followed by unusually loose monetary policies almost everywhere.
Another opportunity for Jeeves is the boom in corporate intranets laden with information employees need help finding fast.
In recent years, there has been a boom in the availability of promoter information in many promoter databases.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com