Hastily drafted privacy laws could threaten the global digital economy

21/04/2022 | Institute of International Finance

The Institute of International Finance has published a paper Strategic Framework for Digital Economic Cooperation — A Path for Progress, in which it claims data localisation and global standards for data privacy could interrupt future on-demand services and real-time systems across the world economic order. The paper explores how the broader global economy could be adversely impacted by international policy responses to data localisation measures, inconsistent data governance requirements and “hastily drafted privacy laws."

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digital economy, data transfer

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