E-Commerce

Paper Summary:

This study determines how electronic commerce is likely to change business models. It also looks at the character of the effects that e-commerce has on economic growth. The thesis of this study is as follows: The growth of e-commerce will change substantially the business model by directly linking product providers and product consumers. Further, the growth of e-commerce will have overall positive effects on economic growth, although some economic dislocations will occur.

From the Paper:

"Especially important with respect to the development of the Internet and the WWW is placing this development within the context of the broader history of the development on information technology (IT). Viewing the development of the Internet as a progression in the development of an information system that began with the linking of North America and Europe with the Atlantic cable in 1858 placed the development of the Internet in a perspective that enables one to speculate on future developments in information systems technology that will render the Internet as obsolete at some future time as the Atlantic cable is obsolete in 1999."

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