Welfare Effects of the EU GDPR and Data Localization Measures
Lee, Kyu Yub; Cho, Moonhee; Kang, Jungu; Kang, Minji | April 2019
Abstract
It is widely acknowledged that cross-border data flows play a key role in boosting our living standards by utilizing digital trade, artificial intelligence, the internet of things, and big data (to name a few). However, there are also concerns about privacy violations and online security issues. In this vein, data consumer protection has become the center of debates at several international organizations including the OECD, USITC, APEC, and UNCTAD and many countries around the world.
As cross-border data flows have increased by more than 45 times over the last decade, many countries including China, Russia, Brazil, India, Indonesia, Vietnam, etc., have introduced their own measures to restrict data flows, also known as “data localization measures” (see Figure 1). Unlike how these countries enacted data localization measures, the European Union decided to effectuate the General Data Protection Regulations. The EU GDPR applies to all firms processing the personal data of data subjects in the EU and also to the processing of personal data of data subjects in the EU by a controller or processor not established in the EU.
Citation
Lee, Kyu Yub; Cho, Moonhee; Kang, Jungu; Kang, Minji. 2019. Welfare Effects of the EU GDPR and Data Localization Measures. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/9995.ISSN
2233-9140
Keywords
Telecommunication Companies
Rural Rehabilitation
Biotechnology
Interindustry Trade
Industrial Policy
Industrial Investment
Industrial Development
Small Scale Industry
Medium Scale Industry
Local Industry
Transport Infrastructure
Trade regulations
Telecommunications Industry
Computers
Trade data interchange
Access to markets
E-Commerce
Trade data interchange
Trade And Development
Large Scale Industry
Regional Trade
Commerce and Industry
Trade Negotiations
Merchandise Trade
Domestic Trade
Computer Industry
Trade Regulation
intellectual Property Rights
Rural development
Unfair competition
Supply and demand
Energy policy
Developing countries
Industrial organizations
Creative industries
Investment banking
Microfinance
Financial planning industry
Infrastructure
Manufactures
Business failures
Wages and labor productivity
Microelectronics industry
Electronic industries
Digital electronics
Microelectronics
Electronic commerce
Business enterprises
Digital
Innovation
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