What principles should guide policy-makers in designing local and international approaches for internet intermediaries in the evolving communications environment?
Economic theory has proven that markets with a good performance, say in competition, maximise the general welfare of society. Both for consumers and producers. But when this does not happen, this is in the presence of market failures, we usually see inefficiency in the market.
Markets do not always work perfectly, and sometimes Adam Smith’s invisible hand could get shaky. Therefore, there are some tools that allow the states and governments to act whenever a market failure is detected.
Runners up entry for the IIC 2021 Future Leaders' Competition
- Series:
- Future Leaders Competition 2021 - Winner and Runners Up
