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The impact of the general data protection regulation on innovation and the global political economy
تأثیر مقررات کلی حفاظت از داده ها بر نوآوری و اقتصاد سیاسی جهانی-2020 This paper attempts to outline how the General Data Protection Regulation might be positive not only for consumers and societal well-being but also for innovation in the digital age.
Situated within the highly charged debate regarding the impact of regulations on innovation, this paper examines the General Data Protection Regulation in light of the theoretical
facets underpinning the contexts in which regulation has a positive effect on innovation.
These are in relation to firstly, tackling concentrated market power where too much concentration leads to the hampering of competitiveness and innovation. Secondly, structural
features outlined in the Porter hypothesis that a regulation should have to promote innovation and thirdly, whether the General Data Protection Regulation falls within the scope
of the Brussels effect and hence, levels the competitive playing field as well as helps shape
the future of the digital economy. The General Data Protection Regulation’s alignment with
these three dimensions is outlined with certain deviations being noted.
Keywords: GDPR | Regulation | Innovation | Competition | Porter hypothesis | Brussels effect |
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