Booming Electronic Commerce
As can be seen from the chart that money value of annual global electronic transactions id increasing gradually in the seven years. In 1997, the money value of global electronic commerce transactions is US$ 2.6 billion, while the number reaches US$1000 billion, 500 times that of 1997. why is electronic commerce booming nowadays?
Several factors contribute to this phenomenon. First, the availability of computer is the foremost cause. The rapid development of computer technology enables everybody to have access to computer and Internet. Internet now no more a stranger to common people. Second, the technology of Internet is becoming more and more mature. People, who at first do not trust business transactions on Internet, now become convinced that doing business on Internet is very convenient and effective. Thirdly, electronic commerce is the fastest way so far to make transactions across far distance. It makes it possible to do business at home and it saves time and unnecessary formalities as well. That is why electronic commerce is preferable to the prosperity of world economy and it also give birth to SOHO, a special group of people working at home. The trend towards a promising e-commerce is inevitable. Therefore let’s get prepared to embrace this irretrievable trend.