Opportunities and Constraints for G20 Leadership in Data Governance: Is There a Chance for Convergence in Approaches?

Data is an infinite resource, a new form of capital in the knowledge economy. In absence data regulation, global technological corporations seek to expand their influence at each link chains and use market power build monopolies. can generate not only profits for tech giants but also social value; however, forces by themselves will create data-based public goods. For this, government actions are needed county level, interstate multilateral institutional cooperation required international level. To date, despite numerous initiatives establish coordination mechanisms on governance highly fragmented gridlocked due contradictions tough competition between players. One key disagreements related regulation cross-border flows. The article explores regulatory practices central actors digital economy, U.S., European Union (EU) China first place, approaches they promote institutions such as World Trade Organization (WTO), Group G20 (G20), 7 (G7), Organisation Economic Co-operation Development (OECD). particular, authors look G20’s agenda initiative free flow with trust consider its challenges risks stagnation. conclusion presents possible scenarios future governance, perspectives, including establishment Digital Economy Governance Board G20, G7’s shaping order, deepening within G7 OECD, United Nations Conference (UNCTAD) proposal building multilevel, distributed polycentric data-governance model UN playing role. conclude BRICS (Brazil, Russia, India, South Africa) aimed inclusive governance.