Personal data as a national (not international) resource

from Market Design at https://bit.ly/3a05yZc on May 27, 2022 at 01:30PM

 The NY Times has the story:

The Era of Borderless Data Is Ending. Nations are accelerating efforts to control data produced within their perimeters, disrupting the flow of what has become a kind of digital currency.  By David McCabe and Adam Satariano

"France, Austria, South Africa and more than 50 other countries are accelerating efforts to control the digital information produced by their citizens, government agencies and corporations. Driven by security and privacy concerns, as well as economic interests and authoritarian and nationalistic urges, governments are increasingly setting rules and standards about how data can and cannot move around the globe. The goal is to gain “digital sovereignty.”

"In Washington, the Biden administration is circulating an early draft of an executive order meant to stop rivals like China from gaining access to American data.

"In the European Union, judges and policymakers are pushing efforts to guard information generated within the 27-nation bloc, including tougher online privacy requirements and rules for artificial intelligence.

"In India, lawmakers are moving to pass a law that would limit what data could leave the nation of almost 1.4 billion people.

"The number of laws, regulations and government policies that require digital information to be stored in a specific country more than doubled to 144 from 2017 to 2021, according to the Information Technology and Innovation Foundation.

"While countries like China have long cordoned off their digital ecosystems, the imposition of more national rules on information flows is a fundamental shift in the democratic world and alters how the internet has operated since it became widely commercialized in the 1990s.