Regulating Across the Digital Divide
Most rules governing global trade were built to regulate the cross-border distribution of goods and services in traditional industries. But the rapid growth of the digital economy has exposed regulatory shortcomings that, unless addressed, could widen the gap between developed and developing economies.
LONDON – The increasing digitization of the global economy is changing how products and services are produced, distributed, and sold across borders. Technologies like cloud computing, artificial intelligence, autonomous systems, and “smart devices” are spawning new industries, and revolutionizing old ones.