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Economic Implications of Data Regulation : Balancing Openness and Trust / World Trade Organization
- Format:
- Book
- Government document
- Author/Creator:
- World Trade Organization, author.
- Language:
- English
- Subjects (All):
- Economic research and trade policy analysis.
- Physical Description:
- 1 online resource (64 pages)
- Place of Publication:
- WTO, 2024.
- System Details:
- data file
- Summary:
- Cross-border data flows are the lifeblood of today's social and economic interactions, but they also raise a range of new challenges, including for privacy and data protection, national security, cybersecurity, digital protectionism and regulatory reach. This has led to a surge in regulation conditioning (or prohibiting) its flow or mandating that data be stored or processed domestically (data localisation). However, the economic implications of these measures are not well understood. This report provides estimates on what is at stake, highlighting that full fragmentation could reduce global GDP by 4.5%. It also underscores the benefits associated with open regimes with safeguards which could see global GDP increase by 1.7%. In a world where digital fragmentation is growing, global discussions on these issues can help harness the benefits of an open and safeguarded internet.
- ISBN:
- 9789287072245
- Access Restriction:
- Restricted for use by site license.
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