Brazil Should Avoid Rushing Into DMA-Style Regulation
itif.org
A bill proposing ex ante regulation of digital markets in Brazil would harm efficiency and innovation. Given the significance of this bill, the Brazilian legislature should not proceed with a motion to bypass typical civil procedures and debate.

cross-posted from: https://lemmy.world/post/43489045

The spread of fast-follower regulations modeled after the EU’s Digital Markets Act (DMA) and the United Kingdom’s Digital Markets, Competition, and Consumers Act (DMCC) reinforces the “Brussels Effect,” which ITIF has argued constitutes a form of digital imperialism that hinders innovation in the Global South.