title: Digital economy and antitrust law: The unity and conflict of opposites
metadata.name: dc.contributor.author
metadata.value: Ivanov, Alexey Yu.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2021-12-16T13:50:01Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2021-12-16T13:50:01Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2019-12
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Ivanov, Alexey Yu. 2019. Digital economy and antitrust law: The unity and conflict of opposites. Pravovedenie 63 (4): 486–521.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu25.2019.401
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/33961
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The digital economy has become a new milestone in human development, but along with the
  benefits of digitalization and globalization of the world economy it has brought an unprecedented
  increase in the concentration of market power in the hands of a small group of digital
  monopolies and a rapid increase in global inequality, which creates systemic imbalances in the
  development of society. According to a number of experts, a likely consequence of such imbalances
  in development may be long-term instability that already entails fundamental risks for
  the existence of the capitalist system. Antitrust law has already played a positive role in overcoming
  such challenges in the development of the capitalist system during the technological
  transformations of the late 19th century and the first half of the 20th century. It has allowed the
  USA and a number of other Western countries to go through the last great industrial revolution
  in a less painful way than those countries, including Russia, which experienced a dismantling of
  the capitalist system and were unable to withstand the pressures of accelerated development.
  This article analyzes the reasons that prevented antitrust law from playing a similar balancing
  role during the ongoing industrial revolution and proposes possible measures to improve
  mechanisms of antitrust regulation of the digital economy. Among the most promising avenues
  for creating effective checks and balances on the growing market power of global digital platforms
  are the emerging formats for antitrust cooperation within the framework of regional associations
  of developing countries, primarily on the BRICS platform. Cooperation between the
  BRICS countries in the sphere of competition law and policy may also become a serious factor
  for the formation of a global antitrust regime, which does not currently exist. Moreover, given
  the positioning of the BRICS countries in the world system, such cooperation allows for the
  creation of a global competition law that would promote a wider dissemination of knowledge
  and advanced technologies and help remove barriers to global innovation flows that are now set
  by global technological monopolies. Cooperation in this sphere would have a positive impact on
  reducing global inequalities.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Pravovedenie;Volume 63; Issue 4
metadata.lang: -
metadata.name: dc.subject
metadata.value: globalization
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: digital economy
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: monopolization
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: digital platforms and ecosystems
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: inequality
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: global competition law and policy
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: BRICS
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Digital economy and antitrust law: The unity and conflict of opposites
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 11975-Article Text-37855-1-10-20211020.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/33961/1/11975-Article%20Text-37855-1-10-20211020.pdf
resources.format: Adobe PDF
resources.size: 958,23 kB