The Digital Economy for Economic Development: Free Flow of Data and Supporting Policies

         
Author Name Lurong Chen, Wallace Cheng, Dan Ciuriak, Fukunari Kimura, Junji Nakagawa, Richard Pomfret, Gabriela Rigoni, and Johannes Schwarzer
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Abstract

The digital economy provides ample opportunities for G20 economies to accelerate inclusive economic growth. To take advantage of digital technology, free flow of data backed up by a series of policies to address other public policy objectives must be promoted. However, policies for the flow of data and data-related businesses are still underdeveloped and fragmented across countries. Nevertheless, although ample controversy exists, G20 economies must design and implement a series of policies as soon as possible. We will show in this policy brief that standard microeconomic theory can provide guidance to formulate such policies.

*This is an official T20 Japan Policy Brief.

This paper first appeared on the T20 Japan official website. Reproduced with permission.