The Regulation of Digital Trade : Key Policies and International Trends

One day, people will wonder how global trade was even possible with before goods and services were bought and sold in global digital markets without regard or even knowledge of where sellers and buyers where located. We are not there yet --not by a...

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Main Authors: Daza Jaller, Lillyana, Gaillard, Simon, Molinuevo, Martín
Format: Report
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
Online Access:http://documents.worldbank.org/curated/en/998881578289921641/The-Regulation-of-Digital-Trade-Key-Policies-and-International-Trends
http://hdl.handle.net/10986/33164
id okr-10986-33164
recordtype oai_dc
spelling okr-10986-331642021-05-25T09:31:43Z The Regulation of Digital Trade : Key Policies and International Trends Daza Jaller, Lillyana Gaillard, Simon Molinuevo, Martín PERSONAL DATA PROTECTION E-SECURITY ELECTRONIC TRANSACTIONS ELECTRONIC SIGNATURE CONSUMER PROTECTION CYBERSECURITY PRIVACY DIGITAL TRADE DATA FLOWS DATA PRIVACY DISCLOSURE One day, people will wonder how global trade was even possible with before goods and services were bought and sold in global digital markets without regard or even knowledge of where sellers and buyers where located. We are not there yet --not by a long shot. For now, digital trade remains segmented mostly along national and regional boundaries, due largely to a combination of lack of consumer trust in online transactions and regulatory differences across borders, as well as the inherent challenges of moving goods internationally. Regulation plays a central role in building the foundations of digital markets. It can provide the legal tools necessary for remote contracts, clarify the rights and obligations of the multiple actors involved in digital transactions, and establish a framework that promotes consumer trust in digital markets, even when the consumer does not know the merchant or when the merchant is in a different country. However, regulation can also further segment digital trade, de facto restricting digital transactions to within national boundaries, or allowing for cross-border transactions with some partners to flourish, while limiting others. This can be the intended result of regulatory measures that limit cross-border data flows or online purchases or may be the undesired effect of regulatory differences across countries that leads businesses to offer different goods and services across boundaries. 2020-01-13T21:20:58Z 2020-01-13T21:20:58Z 2020-01-04 Report http://documents.worldbank.org/curated/en/998881578289921641/The-Regulation-of-Digital-Trade-Key-Policies-and-International-Trends http://hdl.handle.net/10986/33164 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Public Sector Study
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic PERSONAL DATA PROTECTION
E-SECURITY
ELECTRONIC TRANSACTIONS
ELECTRONIC SIGNATURE
CONSUMER PROTECTION
CYBERSECURITY
PRIVACY
DIGITAL TRADE
DATA FLOWS
DATA PRIVACY
DISCLOSURE
spellingShingle PERSONAL DATA PROTECTION
E-SECURITY
ELECTRONIC TRANSACTIONS
ELECTRONIC SIGNATURE
CONSUMER PROTECTION
CYBERSECURITY
PRIVACY
DIGITAL TRADE
DATA FLOWS
DATA PRIVACY
DISCLOSURE
Daza Jaller, Lillyana
Gaillard, Simon
Molinuevo, Martín
The Regulation of Digital Trade : Key Policies and International Trends
description One day, people will wonder how global trade was even possible with before goods and services were bought and sold in global digital markets without regard or even knowledge of where sellers and buyers where located. We are not there yet --not by a long shot. For now, digital trade remains segmented mostly along national and regional boundaries, due largely to a combination of lack of consumer trust in online transactions and regulatory differences across borders, as well as the inherent challenges of moving goods internationally. Regulation plays a central role in building the foundations of digital markets. It can provide the legal tools necessary for remote contracts, clarify the rights and obligations of the multiple actors involved in digital transactions, and establish a framework that promotes consumer trust in digital markets, even when the consumer does not know the merchant or when the merchant is in a different country. However, regulation can also further segment digital trade, de facto restricting digital transactions to within national boundaries, or allowing for cross-border transactions with some partners to flourish, while limiting others. This can be the intended result of regulatory measures that limit cross-border data flows or online purchases or may be the undesired effect of regulatory differences across countries that leads businesses to offer different goods and services across boundaries.
format Report
author Daza Jaller, Lillyana
Gaillard, Simon
Molinuevo, Martín
author_facet Daza Jaller, Lillyana
Gaillard, Simon
Molinuevo, Martín
author_sort Daza Jaller, Lillyana
title The Regulation of Digital Trade : Key Policies and International Trends
title_short The Regulation of Digital Trade : Key Policies and International Trends
title_full The Regulation of Digital Trade : Key Policies and International Trends
title_fullStr The Regulation of Digital Trade : Key Policies and International Trends
title_full_unstemmed The Regulation of Digital Trade : Key Policies and International Trends
title_sort regulation of digital trade : key policies and international trends
publisher World Bank, Washington, DC
publishDate 2020
url http://documents.worldbank.org/curated/en/998881578289921641/The-Regulation-of-Digital-Trade-Key-Policies-and-International-Trends
http://hdl.handle.net/10986/33164
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