Digital Economy

Competition in the digital economy continues to be an important issue in the face of complex technology and dominant platforms with concentrated market power that stretches globally. The second part of this blog series explores the new approaches competition authorities around the world have been taking to deal with new competition issues in the digital economy. One common thread has been clear – local and global collaboration is essential to effectively deal with these new issues.

There is increasing pressure globally to understand the dynamics of the digital economy and the implications on markets, from a competition perspective, the urgency has now increased due to the times we find ourselves in. Competition policy will need deal with complex issues including data, platforms and big tech while carrying out a careful balancing act between encouraging innovation and protecting consumers and creating an efficient marketplace.