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The Main Features and Difficulties Regarding the Regulation of E-Commerce
The first 200 words of this essay...
Laurynas Ramuckis 2118 02/02/04
La of E-Commerce;
Prof. J. L. Basset
The Main Features and Difficulties Regarding the Regulation of E-Commerce
A narrow definition of the Electronic Commerce reads that an internet transaction is the sale or purchase of goods or services, whether between businesses, households, individuals, governments, and other public or private organizations, conducted over the Internet. The goods and services are ordered over the Internet, but the payment and the ultimate delivery of the good or service may be conducted on or off-line. 1
E-Commerce is an entirely new form of doing business, which ignores international borders of states. Traditional approach to commerce is yet more popular among the companies and individuals, however recent growth in electronic transactions creates a need for legislation and regulation of such commerce. Regulation of e-commerce faces two major disadvantages, first it involves a fast changes in the scope of e-commerce with changing technologies, and second, its' trans-nationality which leads to the question of which legal system should be applied in the regulation of electronic transactions.
It has been concluded by the conference on e-commerce held in June 1998 by EC
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Response to the question
In summary, the report does show an in-depth understanding of how regulation could effect the growth of the internet in the near future. However case studies could be used to link the background understanding to a commercial environment. The report states how eCommerce websites should only have minimal regulation, to allow eCommerce websites to grow and develop. This section is good, as this clearly states the reasons to why there should be little regulation and the student has justified their reasoning.
Level of analysis
The report is quite in-depth, and each point is justified were appropriate. However the report is lacking a number of real case studies. For example the report could include how the regulation will effect a website such as HMV. The report could go further, and mention how the intended laws could impact on their business and their ability to grow using the on-line market.
Quality of writing
A number of technical terms are used and explained. For instance the term 'CAs' is explained and the student has given a brief definition. However there are a limited number of technical terms that are mentioned, however not explained. All technical terms will need to be explained, to allow the examiner to understand the report with ease.
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