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View: India needs to understand a new source of monopoly power: the network effect


India

View: India needs to understand a new source of monopoly power: the network effect

Indian companies want the apps ban to remain in force for at least five years to let them grow exponentially through network effects. After five years, we can return to open global competition.SynopsisThe question is complicated by a separate but important issue: checking monopoly power bestowed by the internet on early movers. Historically, a monopoly…

Indian companies favor the apps ban to remain in power for now not now not as a lot as 5 years to allow them to develop exponentially thru network effects. After 5 years, we can return to open world competition.

Synopsis

The ask is difficult by a separate but necessary trouble: checking monopoly vitality bestowed by the salvage on early movers. Traditionally, a monopoly was once defined as a producer, or bunch of producers, gaining this form of excessive market share that they might possibly maybe maybe well manipulate prices and provide to mulct shoppers.

India has banned TikTok and quite just a few Chinese apps, supposedly for security, but unquestionably to punish Chinese militia intrusion in Ladakh. For identical, though now not identical, security causes, the US is banning TikTok, WeChat and otherChinese apps. Microsoft, Google and quite just a few US competitors now are attempting to preserve close TikTok and quite just a few Chinese apps. Within the event that they prevail, have to soundless we allow TikTok and others to reach encourage to India on yarn of they’re unquestionably American and now not Chinese?The

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