For many months now, the European Union has been working to finalize a package of new regulatory acts in the digital field, which include sweeping legislation in digital services and markets, data and AI. Much like the GDPR, these EU-centric policies are set to be felt on a global scale due to what’s been coined the “Brussels Effect.”
How The EU Rules The World
The EU bloc includes many of the world’s wealthiest countries and is naturally considered one of the largest consumer markets. This means that international companies wishing to maintain business with bloc members must, in effect, follow EU rules, putting the EU in an optimal position to extend its single market policies to a global level.
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