Law and Economics
Vol. 16 No. 3 (2022): Oktober: Law and Economics

Navigating the Nexus: Legal and Economic Implications of Emerging Tech-nologies

Darvishi, Kennedy (Unknown)
Liu, Lee (Unknown)
Lim, Sumner (Unknown)



Article Info

Publish Date
30 Oct 2022

Abstract

This research delves into the multifaceted interplay among emerging technologies, legal frameworks, and economic landscapes, highlighting the complexities, challenges, and opportunities within this nexus. The study unfolds the rapid evolution of emerging technologies, showcasing their transformative potential across industries while uncovering the intricate relationship between technological advancements and the adaptation of legal structures. It elucidates how the pace of innovation often outstrips regulatory capacities, leading to gaps and uncertainties in legal frameworks. Moreover, conflicts between economic objectives and ethical considerations underscore the need for integrative approaches that balance innovation with responsible practices. Successful integration of legal and economic factors is exemplified by businesses prioritizing ethical conduct, fostering consumer trust, and enhancing market reputation. Legislative initiatives worldwide reflect efforts to adapt regulations, focusing on data privacy, cybersecurity, and ethical AI development. Anticipated growth projections in technology sectors signal substantial economic opportunities but necessitate adaptive legal frameworks. Policy recommendations advocate for agile regulations, investments in education, international cooperation, and sustainable economic strategies to navigate these complexities responsibly. Ultimately, the research emphasizes collaborative efforts, innovative thinking, and ethical responsibility as crucial pillars in steering the course of emerging technologies for the collective benefit of society

Copyrights © 2022






Journal Info

Abbrev

LE

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Social Sciences

Description

The Law and Economics is an interdisciplinary Publication. It seeks to promote an understanding of many complex phenomena by examining such matters from a combined law, economics, and organization perspective (or a two-way combination thereof). In this connection, we use the term organization ...