Introduction: Internet, E-commerce
E-commerce is used to describe the execution of business transactions within and across countries using the internet. In simpler terms e-commerce is the process of buying and selling via the internet (Graham, 2008). These transactions may either be B2B or B2C or C2C. Generally internet usage level and infrastructure for e-commerce are very low in poorer countries (Shenkar & Luo 2008. The trend is fast changing and according to the Internet World Stats, as at September 2010, 1.97bn people, representing 28.8% of the world’s population were users of the internet
Growth and Impact
Bill Gates (2000) predicted that the internet will have ‘’profound effect on the way we work, live and learn’’ and that it will be the one key cultural and economic force of the 21st Century. Truly the internet has become a major ...