The EU and U.S. Approach to Digital Regulation: Considerations for

Approach to Digital MALENA DAILEY Regulation: Considerations for APRIL 2024 Proposed Legislation in Turkey INTRODUCTION As nations across the globe look Up to this point, the European Union has been the world leader in regulating digital competition, to address a perceived asymmetry having enacted the Digital Markets Act (DMA) of power in digital markets, Turkey in 2022. [...] The law is now in the implementation phase, leaving the world to watch and assess has begun considering approaches whether the European approach successfully for the regulation of large digital increases competition or boosts economic growth. [...] 4054 of the effectively rejected the opportunity to adopt Protection of Competition, regulators comparable legislation in 2022 by declining to bring the American Innovation and Choice Online hope to lessen competitive harm in Act and Open App Markets Act, the two U. [...] APPROACH TO DIGITAL REGULATION: CONSIDERATIONS FOR PROPOSED LEGISLATION IN TURKEY that the measure will be effective in promoting Each proposal hinges on a concept similar to competitive growth, but the vagueness of the that proposed in the European Union, relying legislation paired with steep penalties creates a on establishing additional rules for what is situation that disincentivizes the estab. [...] LEGISLATIVE COMPARISON The major difference in the Turkish proposal lies The following tables provide the definitions for in the lack of definition for the “covered platform.” covered platforms, the additional legal provisions Instead of opting to give the power to establish designated platforms are meant to comply with, quantitative thresholds to the Competition and the penalties associated with.