Cross border data flows 2022 : designing a global architecturefor growth and innovation

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<subTitle>: designing a global architecturefor growth and innovation</subTitle>
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<abstract displayLabel="Summary">Data is central to the increasingly digitalizing global economy. And cross-border data flows are the lifeblood of this new economy, which will continue to grow  it is estimated to reach 65% of global GDP by end of 20221  and holds great promise for businesses and people. However, jurisdictions are increasingly restricting cross-border data flows: the number of countries that have enacted data localization requirements has nearly doubled within four years, from requirements for U.S. government agencies to use U.S.-based cloud services, to the new suite of data regulations passed by China in 2021.</abstract>
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