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    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
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/9995
    Metadata
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    WEB19-07.pdf (448.9Kb)
    Author
    Lee, Kyu Yub
    Cho, Moonhee
    Kang, Jungu
    Kang, Minji
    Theme
    Industry
    Trade
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise