The OECD report titled “Cross-border Data Flows: Taking Stock of Key Policies and Initiatives” (published on 12 October 2022) highlights the significance of data as a crucial resource for the global economy. It stresses the need to build trust to facilitate data sharing both domestically and across borders. The report reviews various national and international policies and initiatives, especially among G7 and G20 countries, aimed at coordinating data governance, privacy, and protection frameworks. It emphasizes the importance of dialogue and coherence in regulatory approaches to harness data’s full potential for economic and social prosperity.
Key Points
- Related themes include digital governance, privacy, and data protection.
- Data is a vital resource for the global economy, requiring strengthened trust for sharing.
- The report reviews key policies and initiatives on cross-border data flows, focusing on G7 and G20 countries.
- Coordination and coherent regulatory progress are essential to maximize data’s benefits.
- The report supports policy dialogue to advance global economic and social prosperity through data sharing.
