Innovative development in the global science 2023 Boston, usa


INNOVATIVE DEVELOPMENT IN THE GLOBAL SCIENCE



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INNOVATIVE DEVELOPMENT IN THE GLOBAL SCIENCE
2023 Boston, USA 

crucial to regulate digital platforms through the implementation of the Digital 
Market Act (DMA) to address potential issues of unfair competition. The rapid 
growth of digital platforms has undoubtedly brought numerous benefits
empowering individuals, businesses, and the economy as a whole. These platforms 
have revolutionized the way people communicate, transact, and access 
information. They have facilitated e-commerce, enabled convenient on-demand 
services, and fostered new job opportunities through freelance platforms. 
Moreover, the availability of digital financial services has enhanced financial 
inclusion and accessibility for a broader segment of the population. 
However, along with these advantages, challenges have emerged. Some 
digital platforms have garnered significant market power, potentially leading to 
monopolistic behavior and hindering fair competition. The winner-takes-all 
phenomenon has resulted in dominant players gaining substantial control over their 
respective markets, potentially stifling innovation and limiting choices for 
consumers and businesses. Additionally, concerns surrounding data privacy and 
misinformation on digital platforms need to be addressed. The vast amount of 
personal data has raised data protection and user privacy questions. Misinformation 
and the spread of fake news on social media platforms can also have adverse 
effects on public discourse and social well-being. 
It is essential to balance promoting healthy competition and safeguarding 
consumer rights and interests to ensure a fair and prosperous digital market in 
Uzbekistan. The DMA delivers a prospect to establish a regulatory framework that 
encourages innovation, competition, and consumer protection. By imposing clear 
guidelines and restrictions on the behavior of digital platforms, the DMA can 
mitigate the negative impacts of market dominance and foster an environment 
where multiple players can thrive. 
Among the key provisions that the DMA could include are: 
1. Prohibition of Unfair Business Practices: At the core of the DMA lies a 
commitment to address anti-competitive behaviors that may arise from the 



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