A few years ago, Economies of South East Asia were almost swept to oblivion, largely through the manipulation of global capital flows - again drawing on the speed and pervasiveness of internet communications. If the knowledge led economy is based on information then it is being driven by communications. That communications world is shrinking as it converges upon itself through information technology, broadcasting, telecommunications and technologies.
Digitalisation is the catalyst of the convergence.
The old answer would have been through monopoly provision. Those days are gone. Privatisation and market-based solutions are now a world trend. The information technology world of computers is and should remain largely market driven. But in broadcasting and telecommunications, market-based structures are not adequate in themselves.