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From the perspective of anti-monopoly, data privacy protection and digital economy develop in synergy

In: Proceedings of the 2023 2nd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2023)

Author

Listed:
  • Yan Shiyu

    (Xiang Minzu University, School of Law)

Abstract

In the era of digital economy, data is considered to be the core resource for the development of digital economy. However, the improper use of data has also become a means for the digital giant to monopolize the market, and data privacy disclosure will not only lead to damage to consumer interests, but also affect economic, cultural and political development. Large Internet companies have successively leaked user privacy data, such as Alibaba Group's anti-monopoly penalties in 2020. In 2019, Facebook was fined 2.44 billion euros for violations of user privacy protection. Therefore, it is an urgent problem to seek the coordination mechanism between data protection and the development of digital economy. From the perspective of anti-monopoly, this paper explains the current situation and problems of digital economy development, and puts forward suggestions for future development.

Suggested Citation

  • Yan Shiyu, 2024. "From the perspective of anti-monopoly, data privacy protection and digital economy develop in synergy," Advances in Economics, Business and Management Research, in: Faruk Balli & Hui Nee Au Yong & Sikandar Ali Qalati & Ziqiang Zeng (ed.), Proceedings of the 2023 2nd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2023), pages 265-270, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-268-2_30
    DOI: 10.2991/978-94-6463-268-2_30
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