A number of countries worldwide and some international agencies are undertaking
initiatives to enable companies operating in their jurisdictions and beyond
to transact business online and effectively participate in the digital economy. For
example, in South Korea, the government supports B2B and IT use in SMEs, while
in Hong Kong the government does not tax profits from e-commerce. Elsewhere in
Asia, the Mongolian government is driving its e-commerce programme from the
Prime Minister’s office. Within Europe, the European Union has also shaped its
regulatory environment to cater for e-commerce. Furthermore, the OECD region has
embraced the concept of learning organisations to adapt their organisations to the
changing global digital environment by promoting a culture of continuous learning
and process reengineering. In North America, the US Federal government is working
with the UN Commission on International Trade Law to develop a model law that
supports the common use of international contracts in e-commerce.