Abstract

The current digital transformation of the global economy continues to create new forms of power, new political cleavages, and new coalitions to which the governance of the GPE need to adapt. This work explains the technologies and firm dynamics at the center of this transformation, as well as the new analytical tools and concepts being used to explain these changes. It explores the digital transformation across three interrelated areas. The fragmentation of national and global governance initiatives for artificial intelligence is contrasted with the emergence of the European Union (EU) as a global standard-setter in data and privacy governance. The disruption of labour markets and shifting political cleavages caused by the digitization of global trade, as well as the creation of new points of conflict in global trade governance are explored. Finally, the work provides an assessment of the disruptive impact of technology firms and cryptocurrency on global finance.