Digital Conglomerates in East Asia: Navigating Competition Policy Challenges

doi:https://doi.org/10.1596/41347

Publication:
Digital Conglomerates in East Asia: Navigating Competition Policy Challenges

dc.contributor.author	World Bank
dc.date.accessioned	2024-04-02T15:09:27Z
dc.date.available	2024-04-02T15:09:27Z
dc.date.issued	2024-04-02
dc.description.abstract	Competition increases productivity boosting innovation and economic growth. Competition fosters cost reductions, innovation and promotes productivity growth. This paper reviews global and regional trends on conglomeration in digital markets, especially through mergers and acquisitions. In recent years, the landscape of business consolidation has undergone a transformative shift, driven by the convergence of digital innovation and traditional commerce. This paper delves into the intriguing trends surrounding conglomeration in both digital and brick-and-mortar spheres, exploring their implications on a regional and global scale. With diverse models intertwining digital and traditional conglomerates, the strategies employed for consolidation have showcased remarkable diversity. However, at the forefront emerges the prominent strategy of conglomerate mergers, which amalgamate distinct business dimensions under a single corporate umbrella. Thus, this study investigates the readiness of competition authorities and sector-specific regulators to effectively address the intricate challenges posed by such mergers. In this context, policy reforms emerge as a focal point, aimed at bolstering regulatory frameworks to foster fair competition, innovation, and consumer protection in an era of rapid conglomerate digitalization.	en
dc.identifier	http://documents.worldbank.org/curated/en/099032124063522370/P1770151286c9700f1a798107ac63a5a8d1
dc.identifier.doi	10.1596/41347
dc.identifier.uri	https://hdl.handle.net/10986/41347
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC: World Bank
dc.rights	CC BY-NC 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	https://creativecommons.org/licenses/by-nc/3.0/igo
dc.subject	COMPETITION POLICY AND GROWTH
dc.subject	COMPETITION ECONOMY
dc.subject	COMPETITION LAW
dc.title	Digital Conglomerates in East Asia	en
dc.title.subtitle	Navigating Competition Policy Challenges	en
dc.type	Report
dspace.entity.type	Publication
okr.crossref.title	Digital Conglomerates in East Asia: Navigating Competition Policy Challenges
okr.date.disclosure	2024-04-02
okr.date.lastmodified	2024-03-21T00:00:00Z	en
okr.doctype	Report
okr.doctype	Publications & Research
okr.docurl	http://documents.worldbank.org/curated/en/099032124063522370/P1770151286c9700f1a798107ac63a5a8d1
okr.guid	099032124063522370
okr.identifier.docmid	P177015-286c97b1-cf6f-450f-a798-07ac63a5a8d1
okr.identifier.doi	https://doi.org/10.1596/41347
okr.identifier.externaldocumentum	34286124
okr.identifier.internaldocumentum	34286124
okr.identifier.report	188492
okr.import.id	3747
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/099032124063522370/pdf/P1770151286c9700f1a798107ac63a5a8d1.pdf	en
okr.region.administrative	East Asia and Pacific
okr.region.administrative	East Asia and Pacific
okr.region.geographical	East Asia
okr.sector	Other Industry, Trade and Services
okr.theme	Inclusive Growth,Entrepreneurship,Job Creation,ICT,Economic Policy,ICT Solutions,Economic Growth and Planning,Enterprise Development,Private Sector Development,Innovation and Technology Policy,Regulation and Competition Policy,MSME Development,Jobs,Business Enabling Environment
okr.topic	Information and Communication Technologies::ICT Data and Statistics
okr.topic	Macroeconomics and Economic Growth::Economic Growth
okr.topic	Private Sector Development::Competitiveness and Competition Policy
okr.unit	EFI-EAP-FCI-Finance-1 (EEAF1)