The Effects Of E Commerce On Global Trade - 1524 Words

The effects of E-commerce in Global Trade Introduction E-commerce is a term describing a new and innovative more efficient way of doing business completely by use of the internet, to conduct trade dealings both on a national and global scale. E-commerce offers a different mode of performing trade throughout the world without the need for tangible contact between the buyer and seller. The new transaction mode of purchasing and supplying goods has become explosive in terms of efficiency, competitiveness, and productivity, therefore improving companies and homelands economic outlook and growth. So, many companies worldwide have joined the ranks of the digital marketing style, as a ways to a means of improving their globalized trade activities with other potential trade partners of the world. In fact, according to Terzi (2011) online internet usage is linked to trade. The expanding interest has grown and continues to grow very rapidly throughout the business and commercial dealings of the world. The evidence is observed in the number of tr ansactions in 2005, reaching almost four billion dollars to greater than 16 billion dollars by 2009 (Young, Jun-yang, Xue-pin, Jiao-jiao, 2011). In addition, the United States is one of the two countries using e-commerce the most (Terzi, 2000). The above numbers significantly indicate how innovative technology has engrossed the consumer market whether between businesses, consumers or consumer to corporates. 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