G20: Digital Economy and Data Security Part of Concerns

What is the G20? Lots of news on the topic and conversation on what the organization does and what it hopes to accomplish. The G20 tries to create shared perspectives of economic, political and health challenges. (NY Times as a solid description HERE. ) It is a way for countries to coordinate policies on things that are important to all the major participating nations. It can impact anything from economics to public health policies. Sometimes they might raise money and other times just awareness.

What I find sort of interesting on a personal level is the commitment to the Digital Era/Economy and some of the changes that will likely not only impact how business is conducted but also the forms/structure of business across the globe. More international cooperation is likely and there will be new rules as it relates to global data security and theft of data.

 (Legislation will play catch up with technology. Because most cultures would accept that data theft is a root moral violation like other forms of theft so chances are most will agree with some changes. How much, where, how, etc...is part of a longer term negotiation.)

"The COVID-19 pandemic has accelerated the transformation of the digital ecosystem and digital economy. We recognize the importance of digital transformation in reaching the SDGs" (White House G20, Nov. 16th, 2022) 

 

Read the White House briefing HERE.

(FYI... SDG is a Sustainable Development Goal. They should consider spelling it out the first time like, "Sustainable Development Goals (SDG)" so the definition is of the acronym is within the document. Small things I know! Read about SDG HERE.)

White House G20 (Nov. 16th, 2022). G20 Bali Leaders’ Declaration.

 Retrieved November 16th, 2022 from https://www.whitehouse.gov/briefing-room/statements-releases/2022/11/16/g20-bali-leaders-declaration/