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Digital DNA - Disruption and the Challenges for Global Governance (Hardcover)
Loot Price: R1,328
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Digital DNA - Disruption and the Challenges for Global Governance (Hardcover)
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Innovation in information and production technologies is creating
benefits and disruption, profoundly altering how firms and markets
perform. Digital DNA provides an in depth examination of the
opportunities and challenges in the fast-changing global economy
and lays out strategies that countries and the international
community should embrace to promote robust growth while addressing
the risks of this digital upheaval. Wisely guiding the
transformation in innovation is a major challenge for global
prosperity that affects everyone Peter Cowhey and Jonathan Aronson
demonstrate how the digital revolution is transforming the business
models of high tech industries but also of traditional
agricultural, manufacturing, and service sector firms. The rapidity
of change combines with the uncertainty of winners and losers to
create political and economic tensions over how to adapt public
policies to new technological and market surprises. The logic of
the policy trade-offs confronting society, and the political
economy of practical decision-making is explored through three
developments: The rise of Cloud Computing and trans-border data
flows; international collaboration to reduce cybersecurity risks;
and the consequences of different national standards of digital
privacy protection. The most appropriate global strategies will
recognize that a significant diversity in individual national
policies is inevitable. However, because digital technologies
operate across national boundaries there is also a need for a
common international baseline of policy fundamentals to facilitate
"quasi-convergence" of these national policies. Cowhey and
Aronson's examination of these dynamic developments lead to a
measured proposal for authoritative "soft rules" that requires
governments to create policies that achieve certain objectives, but
leaves the specific design to national discretion. These rules
should embrace mechanisms to work with expert multi-stakeholder
organizations to facilitate the implementation of formal
agreements, enhance their political legitimacy and technical
expertise, and build flexible learning into the governance regime.
The result will be greater convergence of national policies and the
space for the new innovation system to flourish.
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