Discuss whether the actions are effective or not.

The truth is, the law can’t keep up with the development of new technology. According to a paper

published by the World Economic Forum in November 2016: “Given the Fourth Industrial Revolution’s

extraordinarily fast technological and social change, relying only on government legislation and

incentives to ensure the right outcomes is ill-advised. These are likely to be out-of-date or redundant by

the time they are implemented.” Two great examples that explain this are cigarettes and social media.

They both use advance technology to innovate. Therefore, by the time a law or a regulation has been

approved, the product or service can either be modified or changed. Since Facebook opened in 2004, it

has been involved in data privacy issues. The famous examples of those data privacy issues are the

Cambridge Analytica case and the 2016 US Presidential elections. For cigarettes, there was the

development of e-cigarettes. E-cigarettes are made as an alternative to cigarettes. It is said to have less

harmful effects to the human body compared to the regular cigarette. Since they are developed, some

countries have a hard time regulating the use of this nicotine-delivering device. These kinds of situations

fall under the principle of “Comply or Explain. This principle give companies an option to avoid mindless

compliance through explaining if a principle applies to them or not.