Is data a new factor in production and thus a new catalyst of growth?

China has been able to maintain comparatively high economic growth rates due to its development from a labour-intensive economy to a primarily capitalist one and ending in an economy rooted in technology. Will data emerge as a key mechanism for pushing economic growth? Both China and Europe seem to have singled out data as a crucial element in ensuring future economic growth and securing geopolitical power. Do the European Community and China share the same perspectives and plan similar measures regarding data as an essential element in economic development, and what are the implications for business, economy and international relations?

In her latest Duet Interview with Prof. Dr. Doris Fischer, Chair of China Business and Economics at the University of Würzburg, Dr. Caldarola, author of Big Data and Law, discusses the different perceptions of data as a new factor of production from both European and Chinese perspectives.

Read on — https://www.duet-interviews.com/uiu