The Brussels Effect: Regulating the World

By taking the lead on rulemaking for everything from data privacy to environmental protection to food safety, the European Union has become the de facto regulator to the world. One challenge, however, is enforcing the law promptly, consistently and globally. Another is the growing opposition to prescriptive standards and the sheer cost of compliance. If the EU is indeed overreaching, how long can it continue to wield such control over global commerce? What regulations need scrutiny and possibly a rethink? Bloomberg's Chad Thomas moderates a panel with Anu Bradford, Henry L. Moses Professor of Law and International Organization, Columbia University Law School and Helen Dixon, Commissioner for Data Protection, Ireland at the 2023 Bloomberg New Economy Gateway Europe.
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[@AlgoNudger]

Thanks.

[@alexandere3126]

you can not beat USA for desruptive innovation, while Europe good in subsidizing innovation.....Asia need a collaboration

[@andrewcampbell3100]

No one has the right to regulate the world.

[@poronkieli]

No company is forced to sell its products in the EU. Of course losing the market of 450 million wealthy customers can hurt, but still it's the free choice of the companies.

[@tomhighsmith]

Making rules takes a lot of time and money, if the EU does this well, the others will take over, it has already been made and costs almost nothing. Rest assured that if rules were introduced that the US did not like, pressure would be exerted. Big Tech also follows the rules, they regularly receive fines from the EU, but I think they are quite satisfied with their work.