World Trade Organization 2.0

We are now in the early years of at Canada’s Department of Foreign Affairs the data-driven economy, already well into the and International Trade (DFAIT) (now disruption of consumer services by internet- Global Affairs Canada), with responsibility based business models, on the cusp of the for economic analysis in support of trade shift of innovation into machine-learning negotiations and trade lit [...] The question becomes the following: looking beyond the immediate crisis (that is, the challenge of establishing a modus vivendi that accommodates China’s rise), can a new WTO 2.0 be constructed that preserves the 2 For a comprehensive review of the role of agreements, such as the TPP in advancing a WTO — plus/extra model of regulation suited for the conditions of the twenty-first century industria [...] See Michael Porter and James Heppelman (2014) for a discussion of the transformative nature of the IoT against the background of previous major shifts in competitive conditions brought about by the deployment of information technology and the exploitation of informational advantage. [...] This could start market-clearing price (the value of the data generated for the platform is with the measurement of the value of free such that the platform might pay the customer to use its services to obtain the data) in a context where the payment mechanism to compensate services provided over the internet (for example, consumers would be prohibitively cumbersome. [...] This to the other (breaking them up, following the reflected the fact that the industrial economy example of the trust-busting era of the early 1900s) of the age was inherently pro-competitive and points in between (for example, adopting the and competition policy concerns were mostly German insurance sector policy of requiring the focused on addressing behind-the-border platform firms to share th