This paper proposes potential benefits of adopting Asian philosophies in considering the design of “cyber civilization” governance. The West is currently struggling to balance the use of data for commercial purposes with the social good stemming from the protection of personal privacy and dignity. It is also grappling with the idea of machines having autonomous capabilities that human minds alone were supposed to monopolize. East Asia, with its tradition of Confucianism, Buddhism, and animism, has long emphasized the virtue of mutual benevolence as well as conviviality with nature, both of which may be contrasted with the Western emphasis on the autonomy of individuals and the supremacy of humans over nature. We need to revisit such foundational schools of thought in view of such factors as network externalities of data, extremely low marginal cost of digital services, and high level of traceability, all of which are altering the historical prerequisites of the modern market economy. In the face of the emergence of a new civilization, we need to find a guiding philosophy which allows us to develop policies that adequately benefit all people. There are notions such as integrity (fiduciary responsibility) that East and West share and that may be adopted to build broadly acceptable governance principles.
- Cyber civilization
ASJC Scopus subject areas
- Business and International Management
- Economics and Econometrics
- Computer Science Applications
- Management of Technology and Innovation