This should help maximize development gains and ensure that they are equitably distributed, said the agency, launching its Digital Economy Report 2021.
A new approach should also enable worldwide data sharing, increase the development of global digital “public goods”, increase trust and reduce uncertainty in the digital economy, UNCTAD added.
The report stressed that the new global system must help avoid further fragmentation of the internet, address policy challenges emerging from the dominant positions of digital platforms, and narrow existing inequalities.
“It is more important than ever to embark on a new path for digital and data governance,” UN Secretary-General António Guterres said in his preface to the report.
“The current fragmented data landscape… may create more space for substantial harms related to privacy breaches, cyberattacks and other risks” he added.