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The economics of privacy is the idea that guarantees of privacy rights are stimulative to economic activity. It is based on the principle that an economy is essentially a system of trust. Laws and standards that guarantee privacy can increase trust between customers, partners and employees. As such, they may be stimulative.
Fragmentation of Information TechnologyIf governments perceive that the corporations of one nation are collecting enormous data stores about their citizenry this may be viewed as a security and economic threat. As such, nations have incentive to create laws that require data to be stored and governed locally. This favors local firms and may lead to a more diverse and fragmented technology industry.Self CensorshipThe idea that governments are putting your communications, voice commands, keystrokes, sensor data and digital activities such as web browsing in a permanent database can have a chilling effect on ideas, freedom of speech and adoption of technology such as pervasive computing.
Data vs TrustMany firms don't leverage as much value from a customer's data as they would from the trust gained from stronger guarantees of privacy.Data as a RiskData can be compromised due to information security incidents that cause reputational damage and liability.
Privacy
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