Digitalization and market power

Article by Thieß Petersen, Senior Advisor, Global Economic Dynamics Project, Bertelsmann Stiftung, Germany and Lecturer, European University Viadrina The use of digital technologies increases market transparency for consumers and enlarges the relevant market. This strengthens their negotiating position vis-à-vis companies. However, there exists also the risk that large technology companies will develop into global monopolies [...]

The Luddite fallacy: Is it time to reconsider it?

Article by Vihang Jumle, Data Analyst 20 December, 1922 marked an important transition in the history of employment. As the winter mist settled on the dawn-lit streets of Brooklyn Heights in New York, the city and its many residents stood wide awake to witness the dramatic and historic end of natural fire engines. As the [...]

How the COVID-19 pandemic will boost digitalization

Article By Thieß Petersen, Senior Advisor, Global Economic Dynamics Project, Bertelsmann Stiftung, Germany and Lecturer, European University Viadrina The corona crisis has the world in its grip. The extent of the social upheavals and the long-term consequences of this pandemic are not yet foreseeable. However, there is some evidence that it will further accelerate the [...]

How AI and Big Data could increase the international division of labour in the future — and partial interests might prevent this

Article By Thieß Petersen, Senior Advisor, Global Economic Dynamics Project, Bertelsmann Stiftung, Germany and Lecturer, European University Viadrina Artificial intelligence (AI), big data and other digital technologies have the potential to reduce the costs of the international division of labour in the future. The resulting merging of markets would improve the supply of goods and [...]