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Global E-Commerce, Facts And Statistics For 2006
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Published: September 18, 2007
As a world of fast-paced technological advancement approaches, the Internet has increasingly become a most crucial and extremely important tool in conducting business. Transactions these days have become largely electronic in nature, and for a professional to seriously engage in any form of business transaction, he or she has to have some form of knowledge on electronic trading.
Electronic commerce, or e-commerce for short, has indeed become a normal way of life for many people. Practically anything done these days can be consummated with the simple click of the mouse or the mere press of a key on the computer keyboard. These include the purchase of a merchandise, the paying of the monthly bills, and even the formal employment in a company.
With the extremely rapid way in which global e-commerce takes place, there are definitely several vital issues that ought to be addressed. Global e-commerce is largely the reason why international summits and meetings are regularly held in various parts of the world. One such summit is the IBLS Strategic Global Summit for E-Commerce, held last March 2006 in Costa Mesa, California.
Various facts about e-commerce were discussed during the two-day summit. However the focus was on finding ways in which the laws governing different countries involved in global e-commerce can be made to compliment one another instead of competing for jurisdiction, especially in the case of those who break the law. For this, the global e-commerce talk delivered by invited speaker Antonio Duarte from Columbia on electronic files being accepted as sufficient court evidence was quite interesting.
The summit on Global E-Commerce 2006 also put into perspective the direction where the newly-enacted Internet Law of 2006 was going. Several speakers were also on hand to discuss this particular issue, although keynote speaker William Kovacic of the U.S. Federal Trade Commission was clearly among the more knowledgeable source.
Based on 2006 global e-commerce statistics, the Internet has effectively reached at least 50 million people in just four short years. This is compared to the telephone which took 38 long years and the television which needed 13 years to be able to reach the same number target. The estimate is not easy to verify, although initial calculations seem to indicate the veracity of such a claim.
Some attendees of the Global E-Commerce 2006 summit considered it a waste trying to determine the actual number of those gaining entry to the Internet on a worldwide scale. They claim that such numbers would likely benefit only several businesses, notably Microsoft, IBM, and perhaps a few more computer-based firms.
Still, the facts about global e-commerce as presented in the Global E-Commerce 2006 summit are worth taking notice of, basically since it shows just how vast its effects have been. Global e-commerce has enabled people from many different areas of the globe to transact business with relative ease and convenience.
However, while the 2006 global e-commerce statistics may initially appear as good news, they can also become possible sources of trouble in the long run. Access to electronic transaction has become quite easy, and this has unfortunately also opened them to possible manipulation by people having unscrupulous mindsets. With the inception and increasing usage of global e-commerce, security and privacy issues definitely need to be addressed as well.
Sources:
"Highlights Of The IBLS Strategic Global Summit For E-Commerce Which Took Place March 16 and 17, 2006." Internet Business Law Services, Inc. 17 Sept. 2007. http://www.ibls.com/events.htm.
Richardson, Tim. "Internet / E-commerce Statistics." 20 Oct. 2006. Witiger. 17 Sept. 2007. http://www.witiger.com/ecommerce/ecommercestatisti cs.htm.
Smedinghoff, Thomas. "Online Transactions: The Rules For Ensuring Enforceability In A Global Environment." Bakernet. Baker & McKenzie. 17 Sept. 2007. http://72.14.235.104/search?q=cache:22Fd1WU38ZwJ:w ww.bakernet.com/ecommerce/7-etran-req.pdf+Online+T
Electronic commerce, or e-commerce for short, has indeed become a normal way of life for many people. Practically anything done these days can be consummated with the simple click of the mouse or the mere press of a key on the computer keyboard. These include the purchase of a merchandise, the paying of the monthly bills, and even the formal employment in a company.
With the extremely rapid way in which global e-commerce takes place, there are definitely several vital issues that ought to be addressed. Global e-commerce is largely the reason why international summits and meetings are regularly held in various parts of the world. One such summit is the IBLS Strategic Global Summit for E-Commerce, held last March 2006 in Costa Mesa, California.
Various facts about e-commerce were discussed during the two-day summit. However the focus was on finding ways in which the laws governing different countries involved in global e-commerce can be made to compliment one another instead of competing for jurisdiction, especially in the case of those who break the law. For this, the global e-commerce talk delivered by invited speaker Antonio Duarte from Columbia on electronic files being accepted as sufficient court evidence was quite interesting.
The summit on Global E-Commerce 2006 also put into perspective the direction where the newly-enacted Internet Law of 2006 was going. Several speakers were also on hand to discuss this particular issue, although keynote speaker William Kovacic of the U.S. Federal Trade Commission was clearly among the more knowledgeable source.
Based on 2006 global e-commerce statistics, the Internet has effectively reached at least 50 million people in just four short years. This is compared to the telephone which took 38 long years and the television which needed 13 years to be able to reach the same number target. The estimate is not easy to verify, although initial calculations seem to indicate the veracity of such a claim.
Some attendees of the Global E-Commerce 2006 summit considered it a waste trying to determine the actual number of those gaining entry to the Internet on a worldwide scale. They claim that such numbers would likely benefit only several businesses, notably Microsoft, IBM, and perhaps a few more computer-based firms.
Still, the facts about global e-commerce as presented in the Global E-Commerce 2006 summit are worth taking notice of, basically since it shows just how vast its effects have been. Global e-commerce has enabled people from many different areas of the globe to transact business with relative ease and convenience.
However, while the 2006 global e-commerce statistics may initially appear as good news, they can also become possible sources of trouble in the long run. Access to electronic transaction has become quite easy, and this has unfortunately also opened them to possible manipulation by people having unscrupulous mindsets. With the inception and increasing usage of global e-commerce, security and privacy issues definitely need to be addressed as well.
Sources:
"Highlights Of The IBLS Strategic Global Summit For E-Commerce Which Took Place March 16 and 17, 2006." Internet Business Law Services, Inc. 17 Sept. 2007. http://www.ibls.com/events.htm.
Richardson, Tim. "Internet / E-commerce Statistics." 20 Oct. 2006. Witiger. 17 Sept. 2007. http://www.witiger.com/ecommerce/ecommercestatisti cs.htm.
Smedinghoff, Thomas. "Online Transactions: The Rules For Ensuring Enforceability In A Global Environment." Bakernet. Baker & McKenzie. 17 Sept. 2007. http://72.14.235.104/search?q=cache:22Fd1WU38ZwJ:w ww.bakernet.com/ecommerce/7-etran-req.pdf+Online+T
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