Policy and Regulatory Issues with Digital Businesses
Advances in digital technology are expanding the boundaries of firms. Digital platform firms, which leverage a "platform" to create value through facilitating exchanges between two or more interdependent groups, are the new disrupters in...
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/675241563969185669/Policy-and-Regulatory-Issues-with-Digital-Businesses http://hdl.handle.net/10986/32132 |
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okr-10986-321322022-09-20T00:13:50Z Policy and Regulatory Issues with Digital Businesses Chen, Rong DIGITAL ECONOMY REGULATION BUSINESS ENVIRONMENT INFORMATION AND COMMUNICATION TECHNOLOGY COMPETITION POLICY TAXATION DATA PRIVACY CONNECTIVITY LOGISTICS DIGITAL BUSINESS INDICATORS Advances in digital technology are expanding the boundaries of firms. Digital platform firms, which leverage a "platform" to create value through facilitating exchanges between two or more interdependent groups, are the new disrupters in the market. They exhibit distinct features such as scale without mass, positive network effects, accumulation of tremendous data, and a convoluted value creation process with user participation. Meanwhile, they bring more opportunities to traditional businesses by closely connecting suppliers and customers and reducing transaction frictions. Such a changing business landscape calls for adaptive policies and regulations. This policy paper lays out the key policy and regulatory issues around digital businesses. Competition laws need to be revisited to address the winner-take-all tendency of digital platform businesses. Tax systems should also be updated to close the loopholes available to digital platform businesses so that they pay their fair share to society. This paper also provides the first analysis of the World Bank's Digital Business Indicators initiative, which collects information on the existence and quality of regulations in broadband connectivity, digital payment, data privacy and security, as well as logistics, in 21 pilot countries. It aims to explore the possibilities for developing the regulatory and policy indicators that governments can work with to promote the digital economy. 2019-07-29T18:59:27Z 2019-07-29T18:59:27Z 2019-07 Working Paper http://documents.worldbank.org/curated/en/675241563969185669/Policy-and-Regulatory-Issues-with-Digital-Businesses http://hdl.handle.net/10986/32132 English Policy Research Working Paper;No. 8948 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
DIGITAL ECONOMY REGULATION BUSINESS ENVIRONMENT INFORMATION AND COMMUNICATION TECHNOLOGY COMPETITION POLICY TAXATION DATA PRIVACY CONNECTIVITY LOGISTICS DIGITAL BUSINESS INDICATORS |
| spellingShingle |
DIGITAL ECONOMY REGULATION BUSINESS ENVIRONMENT INFORMATION AND COMMUNICATION TECHNOLOGY COMPETITION POLICY TAXATION DATA PRIVACY CONNECTIVITY LOGISTICS DIGITAL BUSINESS INDICATORS Chen, Rong Policy and Regulatory Issues with Digital Businesses |
| relation |
Policy Research Working Paper;No. 8948 |
| description |
Advances in digital technology are
expanding the boundaries of firms. Digital platform firms,
which leverage a "platform" to create value
through facilitating exchanges between two or more
interdependent groups, are the new disrupters in the market.
They exhibit distinct features such as scale without mass,
positive network effects, accumulation of tremendous data,
and a convoluted value creation process with user
participation. Meanwhile, they bring more opportunities to
traditional businesses by closely connecting suppliers and
customers and reducing transaction frictions. Such a
changing business landscape calls for adaptive policies and
regulations. This policy paper lays out the key policy and
regulatory issues around digital businesses. Competition
laws need to be revisited to address the winner-take-all
tendency of digital platform businesses. Tax systems should
also be updated to close the loopholes available to digital
platform businesses so that they pay their fair share to
society. This paper also provides the first analysis of the
World Bank's Digital Business Indicators initiative,
which collects information on the existence and quality of
regulations in broadband connectivity, digital payment, data
privacy and security, as well as logistics, in 21 pilot
countries. It aims to explore the possibilities for
developing the regulatory and policy indicators that
governments can work with to promote the digital economy. |
| format |
Working Paper |
| author |
Chen, Rong |
| author_facet |
Chen, Rong |
| author_sort |
Chen, Rong |
| title |
Policy and Regulatory Issues with Digital Businesses |
| title_short |
Policy and Regulatory Issues with Digital Businesses |
| title_full |
Policy and Regulatory Issues with Digital Businesses |
| title_fullStr |
Policy and Regulatory Issues with Digital Businesses |
| title_full_unstemmed |
Policy and Regulatory Issues with Digital Businesses |
| title_sort |
policy and regulatory issues with digital businesses |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/675241563969185669/Policy-and-Regulatory-Issues-with-Digital-Businesses http://hdl.handle.net/10986/32132 |
| _version_ |
1764475884715114496 |