Improving Global Governance: Data Cooperatives For Global Cooperation

In response to the growing digital, economic and social divide accelerated by the rapidintegration of artificial intelligence, that will significantly impact the socio-economic situation inthe G7 countries, this policy brief proposes the creation of data cooperatives. Data cooperativesdecentralise data management and empower individuals and communities to own and controlshared data resources. In contrast to traditional centralised data management, this model promotes ethical data use and inclusive participation in the digital economy and supports theSustainable Development Goals. Our key recommendations for the G7 include creating alegal framework for data cooperatives, providing financial and technical support, promotinginternational data sharing, integrating cooperatives into global policy, investing in research anddevelopment and integrating blockchain and AI for security and transparency. Implementingthese strategies will enable the G7-states to mitigate the serious socio-economic risks connectedto changes brought by the technological advancements. This positions the G7 as leaders inadvancing the global socio-economic systems to AI-driven, equitable digital economies andsocieties, advocating a people-centred world.