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[FYI] E-Commerce Must Jump Regulation Obstacle
- To: debate@fitug.de
- Subject: [FYI] E-Commerce Must Jump Regulation Obstacle
- From: Horns@t-online.de (Axel H. Horns)
- Date: Tue, 8 Jun 1999 09:23:40 +0100
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http://www.techweb.com/printableArticle?doc_id=REU19990607S0012
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E-Commerce Must Jump Regulation Obstacle
By Reuters
Jun 7, 1999 (2:09 PM)
URL: http://www.techweb.com/wire/story/reuters/REU19990607S0012
MONTE CARLO, Monaco -- The Internet promises to revolutionize the
world of business, but first, a few hurdles must be overcome. Early in
the next century, IT devotees said they believe e-commercegenerated
over the Internet will become a ubiquitous force.
[...]
U.S. research company Forrester Research said it predicts the global
Internet economy will be worth $3,200 trillion in 2003, up from $80
billion in 1998. In 2003, the Internet economy will account for 5
percent of the world's gross domestic product, according to Forrester,
in Cambridge, Mass.
[...]
But some experts say these hopes will not be realized until
governments around the world agree on an acceptable framework of
rules.
[...]
"You can't legislate totally for something you don't fully understand.
We will get agreement, but it will take time. In Europe, we are
probably two years away from agreement; globally, it will take many
years," Drobik said.
"Governments are starting to get a balance between free markets and
genuine protection. We are in a much better state than we were a year
ago," he added.
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