Blog - October 12, 2021
The importance of data and information in the era of globalization

The web of global economic connections is growing deeper, broader, and
more intricate. Yet much of the public discussion surrounding globalization
is stuck on the narrow topic of trade surpluses and deficits. This lens fails to
take into account the new and more complex reality of a digitally connected
global economy. While the global goods trade and financial flows have
flattened since the Great Recession, cross-border flows of data are surging.
They now tie the world economy together just as surely as flows of traditional
manufactured goods.
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