Labor & Employment Law Electronic Commerce

Question :

Principles of electronic commerce that were designed and developed to pace the rate of growth and development of electronic commerce.

Answer :

1. The private sector should lead. Although governments have initiated the development of the internet, but the private sector has driven the expansion of the internet over the years. The private sector is comparatively more focused and committed to achieving the highest level of success. Thus, it is still relevant that electronic commerce should be led by the private sector.

2. Governments should avoid undue restrictions on electronic commerce. In order to allow parties to enter into a legitimate agreement in order to sell or purchase products or services across the internet, government involvement should be limited. It will allow the expansion of electronic commerce.

3. The aim of governments should be to support as well as enforce a minimalist, predictable, consistent, and simple legal environment for electronic commerce if the involvement of governments is needed. However, the involvement of governments should be limited but governments should always be there to support the expansion of commerce by ensuring a simple legal environment for the business.

4. Governments should identify the unique qualities of the internet. It is obvious that governments play a very significant role in ensuring the smooth functioning of the business. The regulatory framework and policies should be tailored to ensure the growth and development of electronic commerce.

5. Electronic commerce over the internet should be facilitated on a global basis. This is very important for the expansion of electronic commerce. 

Thus, overall, it can be said that these principles are still relevant to electronic commerce.

References

Kim, C. B., Min, C. H., & Park, S. A. (2016). An Empirical Study on Determinants Affecting the Participation and Performance of Small and Medium-Size Enterprises in Global Electronic Commerce. International Commerce and information review, 18(4), 3-29.