Although the digital revolution is now decades old, there still is no global digital economic order. Instead, there are competing visions of digital capitalism, predominantly articulated by the U.S, China, and the European Union. Realigning the incentives that drive the digital economy will not be easy, but recent policymaking efforts reflect the demand for new forms of governance. In the absence of more global alignment, the world could miss out on promising technological solutions to shared problems such as climate change and pandemics.
Source: https://jamaica-gleaner.com/article/business/20211226/imagining-global-digital-order