evaluate whether EU member countries had fully adopted the GDPR and how well the regulations had been adopted by non-EU member countries;
To examine whether the GDPR is in line with the risk management and compliance requirements adopted by the World Trade Organization (WTO);
To examine if compliance with the GDPR by an international company is uphold existing economic arrangement such as the Transatlantic partnership.
Research Problem and Question
The GDPR helped to change how the EU viewed and treated issues related to data privacy and protection. Unlike the Data Protection Directive, which grants the state some discretion regarding how to approach issues related to data privacy, the GDPR place strict requirements on the countries as they had binding legal force across the EU. The GDPR expanded the definition of personal information and created a two-tier sanction regime with regard to penalties. Furthermore, the GDPR was strengthened beyond the Data Protection Directive. The changes in the approach should have some significant impact on the economy of the EU based on how well they are adopted and whether they create an environment that fosters better consumer protection and privacy. Therefore, the proposed study will adopt the following research questions:
Have EU nations and non-EU nations widely complied with the GDRP, or is there resistance against adopting the regulations?
Do the provisions of the GDPR align with the regulations of the World Trade Organization?
Does the GDPR implement a risk management framework that ensures that personal information of the customer is protected from exploitation?