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Digital‐based Services Globalization and Multilateral Trade Cooperation
Author(s) -
Marel Erik
Publication year - 2021
Publication title -
global policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.602
H-Index - 33
eISSN - 1758-5899
pISSN - 1758-5880
DOI - 10.1111/1758-5899.12941
Subject(s) - globalization , globe , international trade , the internet , trade in services , business , digital divide , general agreement on trade in services , international economics , action (physics) , economics , free trade , market economy , computer science , medicine , physics , quantum mechanics , world wide web , ophthalmology
The pandemic crisis will likely shift global trade into digital services. This turn is consistent with the broader picture in which the nature of globalization becomes increasingly based on the Internet, ideas, information, and data. That provides new trade opportunities for poorer countries to participate in digital services. To harness the benefits of this trend, policymakers around the globe should take action to stop the reversal of open digital trade policies, find common grounds to foster regulatory cooperation on cross‐border data flows, and enhance the understanding of the economic impact of new trade restrictions in digital services.