The digital economy is changing the way we live and work. There is a significant change happening across every sector of society, from government to the private sector. That is, the world is experiencing digital transformation, whereby, the digitalisation is traversing national borders. However, this is not a new phenomenon. Governments are grappling with how to assess, let alone regulate and keep pace with its impact upon their domestic-sovereign economies. The development of an international regulatory regime remains wholly elusive and complex. There appears to be a lack of transnational appetite to develop international principles and concepts to guide nation states.
This book addresses these fundamental issues and more. The aim of this book is to promote an understanding of evolving digital revolution. The authors provide an excellent account and outline of the challenges facing the world, by identifying the changes that are observable to the conception of justice itself. Significantly, the authors have focused on the concept of Justice, which is subject to many mechanisms and factors, and we show that the very heart of the institutions of justice we value are at risk of destabilisation. In doing so, the authors have highlights how by not getting this right, the overall stability of a society is dependent on the wellbeing and contentment of the individuals that make up the structures within society. Put another way, when the structural social connections are lost and economic gains are concentrated in the elite the stability of a society is compromised and inequality, discontentment, breakdowns, and conflicts occur. More importantly, the book argues that the current day analysis requires researchers, governments, and regulators, along with practitioners to look back, and that is to ask the question what has history taught us? In taking this a step further, and by adopting this approach, this is not different to that of undertaking a complex investigation. That is precisely what this book does, augments an investigation that is much needed for the current times as technology continues to challenge everyone.
By studying and acquiring the knowledge and contemporary views on the social construction of what we consider to be real, people are able to, and will be better equipped to be able to predict what will happen next. Our thinking needs to change. The book acknowledges that any user of an integrated system such as the online environment needs to be protected. Finally, the book draws upon, and makes the case how data protection laws have been implemented by nearly every country. However, when looking deeper into the regulation of data, a level of symbolism has emerged, which is largely detached from the practical reality of protecting personal data. The book asks the relevant
Dr. Robert Walters
International Arbitrator – Solicitor
Director Digital Finance Law Project – Victoria University
Adjunct Senior Research Fellow – University Western Australia
Adjunct Professor European Faculty of Law, Slovenia Europe
Advisor to the Corporate and Insolvency Centre – Gujarat National Law University India