4.5 / 5. 2


Category: Business

Subcategory: Cybersecurity

Level: University

Pages: 2

Words: 550

Title: Thesis – Key findings
This research seeks to establish whether there exist sufficient legal measures and systems protecting e-business. At the same time, the research endeavors to find out whether, when these legal measures do exist, they provide a level playing ground for all business, whether conventional or e-commerce, in a manner which could materially contribute to social and economic development. To guide the research, the research question is: What legal measures and systems exist to protect e-business, and are they sufficient to achieve economic and social objectives of business?
In addressing these objectives, the paper aims to then use applicable theoretical frameworks to guide decision-makers on what is lacking and needs improvement in order to create the ideal circumstances. This is to be done while taking into consideration different aspects such as fairness in trade, cybersecurity and the rule of law.
This paper is an exploratory study of the various legal measures and systems which exist in the world and their reported efficiency. To understand this, the paper synthesizes evidence from authoritative research and papers written on the subject, with relation to the legal measures currently in place, or being formulated to ensure fairness and viability of e-commerce.
Towards this objective, the research finds that the advent of the internet and the accompanying flourishing of e-commerce have presented new challenges for business. As the research asserts in the opening stages, all business, regardless of where they are conducted, should be governed by a uniform legal structure. E-commerce, however, provides different challenges for these, since it is virtual. It is harder, or different to monitor. It is also difficult to implement laws once enacted. This stems from the uniqueness of the e-commerce phenomenon, and the inability of policy-makers to properly comprehend what really needs to be done to ensure an enabling legal framework (Kshetri, 2007).
The internet transcends national boundaries, and therefore, legal jurisdictions. As a result of this reality, nations and organizations have an added challenge of coming up with a framework which will not only be relevant in a rapidly – changing environment but which will be implementable. It is with regard to this that transnational initiatives have been mooted to help come up with the desired legal measures. Of particular note is UNCTAD, which has brought together various countries and major players in an effort to make e-business safe, viable and therefore able to contribute to social and economic development, as the organization envisages. Another initiative has been championed by the European Union. The organization aims to forge a common legal approach towards e-commerce to ensure fairness, applicability, and viability of the sector (Molla & Licker, 2005).
The developed world unsurprisingly leads the pack when it comes to the proportion of the population which has access to the internet and conducts online business. As a result of this, it has developed highly sophisticated laws which are aimed at ensuring that the above-stated objectives of fairness and viability of e-commerce are achieved. At the same time, the countries are more proactive in ensuring that the internet continues to be a major avenue through which business is transacted by the population. Other regions in the world are lagging behind in this respect. There is only a small percentage of laws which ensure consumer protection, data protection, and e-transaction regulations. The legal loopholes, therefore, make it harder for e-commerce to properly be a vehicle of economic and social development. Consumers are exposed to cyber insecurity, threatening the rise of this sector (Basu, 2004).
Despite this, however, there are efforts to reverse the trend and ensure that there is greater cooperation in making e-commerce not only more lucrative but also safer and fairer. Such include cooperation between countries, acting bilaterally or under the auspices of organizations such as the UN to develop needed laws. Another involves business to business partnerships which aim to use synergy in expertise and capacity as a way of improving the legal measures and economic output (Molla & Licker, 2005).
The world is still grappling with the ever-growing role of the internet in e-commerce, among other sectors. N order to ensure that the rules which facilitate business growth, while ensuring fairness and positive contribution to society, also apply to e-commerce, challenges remain. Significant efforts have however been made with regard to forming a multilateral approach to curbing legal loopholes, and ensuring that e-commerce plays its rightful role in furthering commerce. Such loopholes mainly center on cyber security and access, thereby ensuring viability and fairness.
Basu, S. (2004). E‐government and developing countries: an overview. International Review of Law, Computers & Technology, 18(1), 109-132.
Kshetri, N. (2007). Barriers to e-commerce and competitive business models in developing countries: A case study. Electronic commerce research and applications, 6(4), 443-452.
Molla, A., & Licker, P. S. (2005). ecommerce adoption in developing countries: a model and instrument. Information & management, 42(6), 877-899.

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