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This is creating more space for national governments to intervene in the digital economy.Governments elsewhere increasingly view such digital policies as a way to catch up with advanced digital economies, like the U.S. But, while some countries have managed to take advantage of the regulatory environment to advance their own digital capabilities, many developing countries risk being left behind.Multinational digital firms, mostly based in the U.S., have pushed for globally harmonized rules that would provide predictability and limit the space for national governments to intervene in digital flows.Negotiations for digital rules under the TPP proved difficult, but ultimately were successful.That may change, however, if the world's three major economies – the U.S., the EU and China – were ever to harmonize their approach to regulating digital trade and global data flows.Proponents of new rules could advise developing countries to accept them openly, arguing that to operate outside a global regulatory system would hurt domestic digital development and make it difficult to participate in new technological fields.
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