Social implications of e-commerce & Internet trading

As global e-commerce is a trend, there is an urgent need to transfer e-commerce practices from developed to developing countries. Traditionally, franchising has been used as an effective strategy to transfer technology and emerging markets from developed into developing countries.
Internet trading or commerce is increasing at a staggering rate to meet the needs of consumers. We believe that internet trading will increase continually. E-commerce on the internet is currently valued around $200b.
Implications include
*Taxation *Employment ramifications *Nature of business *Trade barriers