Jian Jia, Ginger Jin, Liad Wagman, 07 January 2019

The EU’s General Data Protection Regulation was a landmark piece of legislation stipulating how businesses approach consumers’ privacy with regards to data. Using EU and US data, this column explores how the legislation impacted technology venture investment. The implementation of GDPR had an immediate, pronounced, and negative effect on investment. However, these results do not necessarily constitute a welfare loss, and the long-term effects of GDPR remain to be seen. 

Aaditya Mattoo, Joshua P. Meltzer, 23 May 2018

The EU’s privacy regulation threatens developing country exports of data-based services by making data transfers more difficult. Traditional trade rules and regulatory cooperation cannot resolve this conflict. The column argues that the way forward would be to design trade rules that reflect the bargain struck in the EU-US Privacy Shield. Data destination countries would promise to protect the privacy of foreign citizens in return for source countries promising not to restrict data flows.

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