As concerted efforts are being undertaken globally to enhance global e-business
environments, there are various challenges and issues that first have to be confronted
and addressed in order to achieve a truly global digital economy. Issues of online
security and privacy, for example, are exacerbated by the fact that the Internet does
not have an effective central coordination and control system or mechanism. With
whom, for instance, does one lodge a complaint if one’s rights are violated online?
Moreover, there is a general lack of awareness about the potential of technology
and in particular, what e-commerce can offer, especially to SMEs. There is a need
to educate business enterprises on the potential of ICT in business transactions.
Governments should be encouraged to work through bilateral and multilateral arrangements
to create cross-jurisdictional legal frameworks that enhance cross border
e-commerce. In addition, the peculiarities of SMEs demand that the problems
they face should be given special treatment if they are to effectively participate in
the digital economy. The success of nations’ participation in the Net economy is
predicated on the level of their SMEs’ e-readiness. Without the full participation of
SMEs, this hyped economy may become the economy that never was.
As concerted efforts are being undertaken globally to enhance global e-businessenvironments, there are various challenges and issues that first have to be confrontedand addressed in order to achieve a truly global digital economy. Issues of onlinesecurity and privacy, for example, are exacerbated by the fact that the Internet doesnot have an effective central coordination and control system or mechanism. Withwhom, for instance, does one lodge a complaint if one’s rights are violated online?Moreover, there is a general lack of awareness about the potential of technologyand in particular, what e-commerce can offer, especially to SMEs. There is a needto educate business enterprises on the potential of ICT in business transactions.Governments should be encouraged to work through bilateral and multilateral arrangementsto create cross-jurisdictional legal frameworks that enhance cross bordere-commerce. In addition, the peculiarities of SMEs demand that the problemsthey face should be given special treatment if they are to effectively participate inthe digital economy. The success of nations’ participation in the Net economy ispredicated on the level of their SMEs’ e-readiness. Without the full participation ofSMEs, this hyped economy may become the economy that never was.
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