Business Finance Homework Help

I’m working on a International Trade question and need guidance to help me study.

The European Union legislation called the “General Data Protection Regulation” (GDPR) provides data privacy protections for consumers and has had a major impact on companies around the world.

In your initial post, address the following as part of your response:

• What are the general requirements and major impacts of the GDPR, and how does this law differ from data protection legislation in the United States?
• How are companies outside of Europe affected by the GDPR?
• How do perspectives on the GDPR differ between consumers and businesses? Do perspectives vary by industry?
• Do you think there should be one data privacy law for the entire world? Balance your discussion by weighing the benefits to international companies with your knowledge of the differences in culture, politics, and government around the world and the importance of sovereignty of countries