Cybersecurity and Trade: National Policies, Global and Local Consequences

of essays on the rise of trade barriers and “murky protectionism” following the financial crisis. The word “technology” appears only once in that report. Information technology has often been seen as a huge success story in global trade, but its rapid diffusion has introduced new risks. Modern economies, developed and developing, are increasingly reliant on their IT-supported infrastructure for almost every aspect of daily life. Yet, as the headlines attest, this infrastructure is less than perfectly secure, and the rapidly evolving threat landscape exposes the dependent societies to dramatic risks. The interdependence of systems and institutions means that a security failure can have dire consequences.