Aware of the power of platform firms and the risks of the platform economy, governments are reconsidering the dominant laissez faire approach in favour of strategies that regulate the power of platform firms. transnational dynamics play an important role in shaping emerging national regimes, but we argue that governments are also influenced by three factors that operate primarily at domestic level: the agency of platform firms, the impact of first-mover US platforms, and domestic politics. We illustrate our approach through an analysis of the trajectories and regulatory measures of four economies: the US, the EU, China, and India. As governance efforts expand to emerging technologies such as AI, our analysis presages broader changes to the structure of what was, with a few important exceptions, a relatively borderless global online economy.

Angela Garcia Calvo

Read full article by Angela Garcia Calvo in New Political Economy

More articles

Feb 11 2025

Rolling out the doughnut

in Beshara Magazine…We talk to Leonora Grcheva of the Doughnut Economics Action Lab about how Kate Raworth’s innovative economic theory is being translated into...
Jan 30 2025

A food apocalypse is coming; There is no plan to feed Britain in a crisis

by James Rebanks in UnHerd…The answer is to be ready, with a more resilient and secure food system before something goes wrong. We need an inspired farming system...
Jan 28 2025

The next financial crisis: Insurance

by Robert Kuttner in The American Prospect… Increasing damage from fires, hurricanes, and floods will destabilize a lightly regulated industry—and spill over into...
Dec 11 2024

Society is right on track for a global collapse, new study of infamous 1970s report finds

by Brandon Specktor in LiveScience.com…A steep downturn in human population and quality of life could be coming in the 2040s, the report finds.

Nov 21 2024

Extreme weather cost $2tn globally over past decade, report finds

by Ajit Niranjan in The Guardian…US suffered greatest economic losses, report commissioned by International Chamber of Commerce finds, followed by China and...
Oct 31 2024

Insurable losses from natural disasters – how have the numbers changed over the years?

by Terry Gangcuanco in Insurance Business Magazine….Canadian insurtech MyChoice has released a new study showing a sharp rise in insurable losses linked to...
Aug 22 2024

Chartbook 310 The shock of the new: Dollar dominance and modern monetary macro in the 1920s. (Hegemony note 5)

by Adam Tooze in Chartbook…The denaturing of the gold standard and the emergence of the new field of monetary macroeconomics combined to pose the question of...
Aug 10 2024

The ‘perfect storm’ of climate risks that is sinking your net worth

by Andrew Behar in Impactalpha…If we don’t all wake up – as a nation – to climate risk, homeowners will soon literally and financially be underwater.

Aug 01 2024

Food as you know it is about to change

by David Wallace-Wells in The New York Times…It can be tempting, in an age of apocalyptic imagination, to picture the most dire future climate scenarios: not just...
Aug 01 2024

Why shifting from prediction to foresight can help us plan for future disruption

by Roger Spitz in World Economic Forum…As the world becomes more complex, foresight methodologies account for a greater set of possible futures. Scenario...