Sunday readings:
1. I have often blogged on big tech and the challenge of regulation here, here and here. An interesting piece on India's alternative to big tech - Open APIs and interoperability implemented in systems like the UPI and ONDC - and the concomitant challenges it brings. Smriti Parsheera argues in this piece that it brings with it its own set of challenges that need to be addressed:
To summarise, the term big tech offers a helpful and now well-understood label for describing the world’s most powerful technology companies. The challenges posed by the dominance and practices of these firms are well recognised, as is the need for imposing more effective checks on them. India is still in the early stages of formulating its governance strategy on big tech, reflected through competition enforcement, domain-specific regulatory actions and new technical systems that aim to alter the underlying dynamics of digital markets. While much has been said about the innovative and inclusive potential of these new systems, the paper highlighted that these developments are accompanied by certain competition and accountability concerns that are not being adequately addressed in the current model.
2. The challenge of articulating a negotiating position in difficult but emerging areas like digital trade is reflected in this piece by Jhanvi Tripathi in this piece on IPEF and India's digital trade. Which way should one go? Binding trade rules that enhance free flow of data and competition. Soft law approaches that enhance trust, privacy and inclusion? A third model which emphasizes the role of digital public infrastructure? Or a mix of them all? The piece argues that one needs to bite the bullet in terms of having a digital trade rules negotiating stance. However, are trade rules the only way forward?
3. For those who are interested in international economic law and policy, this free digital international trade law text book is a great find! Check out "International Trade Law: A casebook for a system in crisis" for accessing a free text book on international trade law. Kudos to the Geneva Trade Platform for conceiving this.
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