British Finance Minister assumed that the experience of the former US chief economist, Prof. Jason Furman, would be invaluable for their market-regulating institutions in the digital age.
Prof. Jason Furman, chief economist in former U.S. President Barack Obama’s administration, has been hired by the UK Government to be responsible for a new panel which will look at competitions in the digital economy and how technological progress can be squared with the protection of privacy and society.
Prof. Furman served as chair of the US Council of Economic Advisers from 2013 to 2017 and is currently a professor of economic policy at Harvard Kennedy School in Cambridge, Massachusetts. At the moment, he is currently in the AIWS Standards and Practice Committee which was established by MDI.
After Brexit, keeping commitment with the European Union in terms of digital regulations is a matter of concern of Britain government. Prof. Furman said that their focus should be on ensuring the consumers’ continuous benefit from new technology while maximizing the innovative potential from the economy.
The panel chaired by Prof. Furman will operate from September 2018 to early 2019 and will publish a report on its findings next year.