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Imagining a Global Digital Order

In the absence of universal basic standards and rules for how data is used and how digital markets operate, the world risks missing out on potential solutions to global problems that new technologies have to offer. The leading digital powers must recognize that more alignment is in everyone's best interest.

LONDON – Although the digital revolution is now decades old, there still is no global digital economic order. Instead, there are competing visions of digital capitalism, predominantly articulated by the United States, China, and the European Union, which have been developing their models for many years and are increasingly exporting them to developing and emerging economies. Absent more global alignment, the world could miss out on promising technological solutions to shared problems.