International Economics and Trade
CHAPTER 1
BACKGROUND OF THE STUDY . Introduction International Trade is increasingly becoming a fast – paced environment as it has given birth to a new economy through a technological revolution. New technologies are reshaping and impacting international trade, one of these is the Internet. The Internet is becoming a key platform for commerce that is increasingly happening between buyers and sellers located in different countries, thereby driving international trade. Additionally, as the Internet enables cross-border data flows that also underpinning global economic integration and international trade. The Internet has revolutionized how individuals and businesses conduct their affairs. Selling and buying through internet or commonly called online trading is the fastest growing method of trading worldwide specifically in the Philippines. Despite the growing significance of the internet for international trade, the governments are restricting the Internet in ways that reduce the ability of businesses, entrepreneurs and individuals to use the Internet as a place for international commerce or online trading. Some of these restrictions used to achieve legitimate goals such as preventing cybercrime or restricting access to morally offensive content. This paper discusses the impact of Internet in the Philippines as a means of business communication to international trade, and more specifically Online trading. It explains the cross-border data flows and gives advantages and disadvantages of online trading on international trade, government restrictions and some of international trade rules and norms. . Statement of the Research Problem This research will focus on the impact of the Internet as a means of business communication in the Philippines to international trade arena. This research attempted to answer the following questions:
1. What are the advantages and disadvantages of Internet in the Philippine market? 2. What are the risks or
BACKGROUND OF THE STUDY . Introduction International Trade is increasingly becoming a fast – paced environment as it has given birth to a new economy through a technological revolution. New technologies are reshaping and impacting international trade, one of these is the Internet. The Internet is becoming a key platform for commerce that is increasingly happening between buyers and sellers located in different countries, thereby driving international trade. Additionally, as the Internet enables cross-border data flows that also underpinning global economic integration and international trade. The Internet has revolutionized how individuals and businesses conduct their affairs. Selling and buying through internet or commonly called online trading is the fastest growing method of trading worldwide specifically in the Philippines. Despite the growing significance of the internet for international trade, the governments are restricting the Internet in ways that reduce the ability of businesses, entrepreneurs and individuals to use the Internet as a place for international commerce or online trading. Some of these restrictions used to achieve legitimate goals such as preventing cybercrime or restricting access to morally offensive content. This paper discusses the impact of Internet in the Philippines as a means of business communication to international trade, and more specifically Online trading. It explains the cross-border data flows and gives advantages and disadvantages of online trading on international trade, government restrictions and some of international trade rules and norms. . Statement of the Research Problem This research will focus on the impact of the Internet as a means of business communication in the Philippines to international trade arena. This research attempted to answer the following questions:
1. What are the advantages and disadvantages of Internet in the Philippine market? 2. What are the risks or