Digital Globalization, Privacy, and Data Governance

Abstract

Digital globalization leads to transformation of global policy, which means that privacy, cross-border data flows and data security are issues that undoubtedly extend beyond national boundaries. The paper examines the challenges arising in the field of international data free flows with trust in the world without digital borders. Specifically, the paper identifies how concerns about data security and personal privacy lead to data sovereignty policies and data regulation at the national and regional levels. We note the absence of effective forums for reaching global consensus on data flows. Nevertheless, the negotiations continue, and progress is being made through joint statements on electronic commerce, where the parties are promoting the objectives of international digital free trade. Furthermore, the establishment of preferential trade agreements is a trade obstacle to the ultimate impact of private entities and consumers, and it will result in the establishment of international standards for the regulation of data flows. Finally, the increased demand for digital trade and the growing dependence on digital technology are fundamental challenges for individuals, businesses and governments in new circumstances.