G7 agrees to look for early warning signs in digital markets

G7 policymakers agreed to collectively look for early warning signs of developments that could reduce competition in digital markets and issued a communiqué this week. “Against this backdrop, G7 competition authorities and policymakers are scanning markets for early warning signs of conduct or market factors that may sharpen markets or reduce contestability, and to identify potential competition issues that may arise in the future. key technologies and issues.” "Digital markets may pose competition problems," the communiqué said. Markets characterized by network effects, economies of scale, digital ecosystems and massive data accumulation can easily increase or create barriers to entry, subversion and dominance. (Coindesk)