Four different governance model:

a US model with maximum innovation and limited regulation; an EU model with a strong regulatory balance; an India model with an emphasis on digital sovereignty and infant industry protection (applicable to other developing countries); and a Chinese model with both rapid innovation, strong state control and surveillance. Our global governance capacity is affected by multiple splits: a US-EU split over privacy, tax and anti-monopoly regulations; an India-West split over data ownership and first-mover advantage; and, worst of all, a potential digital cold war between the United States (and its allies) and China.

Is no longer just technologies and innovation, it represents a tremendous digital market. Every market needs basic rules to ensure , accountability and resilience, and to prevent abuse by potential oligopolistic players.

Current situation is that innovations and technologies are running ahead of rule making.