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Digital innovation and cross-border information flows

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Frame of Image m 4.7 Tbps in 2005.1 Though the largest share of cross-border data flows (about three-quarters) are accounted for by internet content industries, cross-border data flows are crucial in almost every industrial sector. For example, cloud computing is now being used in a wide range of industries from internet services to manufacturing. It is a service providing IT functions such as data storage and software programs over the internet by external servers. The storage location is often neither known to users nor definable. It is therefore perceived as if data is kept somewhere in the clouds. Through cloud computing, information are often transferred across borders and stored in servers outside national boundaries. Against this background, the global regulatory framework on data flow
1
McKinsey Global Institute. 2016. Digital Globalization: The New Era of p.30.
Global Flows.
Digital Innovation and Cross-Border Information Flows
2
across borders is now being actively discussed, as it is not fully regulated by the GATT (General Agreement on Tariff and Trade) and GATS (General Agreement on trade in Services) rules. It has been recently dealt in the WTO (World Trade Organization) TiSA (Trade in Services Agreement), KORUS FTA (Free Trade Agreement), TPP (Trans-Pacific partnership) and so forth. In particular, chapter 14th of the TPP agreement establishes free flows of data across borders and prevents member states from using measures unreasonably restricting cross-border data flows.


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Title Digital innovation and cross-border information flows
Similar Titles
Material Type Articles
Author(English)

Kim, Jeong Gon

Publisher

[Sejong, South Korea]:Korea Institute for International Economic Policy

Date 2016-09
Journal Title; Vol./Issue KIEP opinions:no. 91
Pages 3
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < IT
Holding Korea Institute for International Economic Policy