Competition in the digital age
Published 26 April 2022
The rapid growth of the technology sector is matched with increasing market concentration. Governments have argued that competition policy could tame the perceived monopoly of big digital platforms, but could it also impair the development of small businesses? Four experts explored the importance of regulatory tools that are fit-for-purpose.
Watch full discussion here:
Explosive growth of the digital economy is helping global tech firms to reach astronomical market capitalizations. The apparent dominance of a handful of firms has prompted greater scrutiny of tech giants – and competition policy.
Can regulation reassert the importance of ensuring healthy competition? What are the risks of misdirected policy responses and forgetting the consumer welfare principle? In this webinar hosted by the Hinrich Foundation, experts of digital trade discussed the challenges faced by small businesses, often assumed to be the biggest beneficiaries of competition policy. Speakers included:
- Deborah Elms, Founder and Executive Director, Asian Trade Centre
- Hosuk Lee-Makiyama, Director, European Centre for International Political Economy
- Dionisis Kolokotsas, Head of Competition & Economic Policy Strategy, Google Asia-Pacific
This session was moderated by Jayant Menon, Senior Fellow, ISEAS-Yusof Ishak Institute.
The discussion was based on a report by the Asian Trade Centre, The turtle and the gazelle: Can competition policies effectively regulate the digital economy?
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