Digital economy blueprint

8.7 POLICY AND REGULATORY FRAMEWORK:

The convergence of technology is leading to a dy-

namic and fast changing environment that requires an 

equally dynamic legal framework.  

Goals:

 

ƒ

Ensure digital business is conducted with integrity 

in a manner that results in safety, confidence and 

trust.

 

ƒ

Powering the digital economy environment to 

secure customers’ privacy, trust and security

The current regulatory systems in many countries 

were developed for outdated technologies and mar-

kets; they are not only obsolete, they can also actually 

do harm by slowing innovation and technological and 

market advances. 

Convergence in telecommunications is driving chang-

es in regulatory approaches and regulators and gov-

ernments will need to undertake convergence reviews 

to reform regulation. In addition, legacy regulation 

is discriminatory, particularly the legacy regulation 

of communications services and service providers, 

which is far more intrusive and prescriptive than reg-

ulation of other elements of the digital ecosystem. 

Regulatory discrimination can harm competition and 

reduce consumer welfare. Regulations should rec-

ognize the dynamism of the digital ecosystem hence 

implement regulations that are both dynamic and flex-

ible. Forward looking governments will;

 

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Update regulatory regimes, adapting regulations 

to current times and market circumstances.  

 

ƒ

Promulgate policies that promote their digital 

economies—with specific actions to meet the 

needs of companies, consumers and the work-

force. 

 

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Demonstrate digital leadership, pushing their 

services online and furthering citizen participation 

in the digital world.