Making Digital Platforms Work for Development
12. April 2019
Digital platforms create new opportunities for companies of all sizes to engage in trade. They can lead to efficiency gains through lower transaction costs and reduced information asymmetries supported by rating systems.
Other benefits include lower consumer prices, increased market access, more competition, better use of underutilized resources and increased flexibility for the providers of services. However, gains are not automatic, and there are growing concerns over the rising market power of certain platforms and the related implications for competition, data protection and ownership, consumer protection and taxation and employment policies.
Economic policies and regulations will need to maximize the benefits while at the same time minimizing the costs of digital platforms.
United Nations Conference on Trade and Development | Making Digital Platforms Work for Development