Localisation of Data—A Threat to Citizens’ Right to Privacy?
Data, more specifically private data, on digital platforms has put a great impact towards the technological advancement over the last decade. Most of the data is now controlled by a few giant tech companies resulting in the monopolisation of data. Many countries are, however, adopting laws regarding data localisation.
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December last year, Information Technology & Innovation Foundation (ITIF) confirmed that "a one-unit increase in an industry's data restrictiveness is associated with a 0.5 percent decrease in the following year's trade – including a 0.6 percent decrease in imports and a 0.9 percent increase in import prices". "After five years, restrictive data policies will reduce Bangladesh's volume of trade by 6 percent", the ITIF reported.
