Needed—A Global Approach to Data in the Digital Age by Vikram Haksar, Yan Carrière-Swallow, Kathleen Kao, and Gabriel Quirós-Romero published by IMF/Blog (10/2021).
“Global principles on data policy can help level the playing field while addressing financial stability and inclusion, competition, and privacy.
Companies around the world are engaged in a digital data gold rush, panning the digital economy for our personal data, sifting flecks of it in online pools and streams of our preferences, choices, and locations. Data is the ultimate portable good, but moving it across borders requires countries to have coherent policies that build trust. Without global principles for managing data, we could face deepening digital fault lines between nations, as massive data pools become increasingly isolated. This would be especially costly for smaller and lower-income countries…”
