Globalization and International Commerce

Introduction Globalization is one of the most important developments in the past half century, and issues such as trade and international business are becoming increasingly important. As a result, problems such as poverty, unreasonable wages and poor working conditions in Third World countries are attracting consumers' attention (Hayes and Moore, 2007). This is a global problem that anyone who care about a developing country can not be ignored. Free trade and fair trade are solutions to these problems.

Are online contracts legally binding? In 2000, federal law enacted the "global and international commercial electronic signature law" which solved the answer to this question. The Electronic Signature Act makes legal binding electronic contracts and signatures just as paper contracts are binding documents. For companies that provide home, finance, and insurance services online, contracts and electronic signatures are an important part of their business structure. Intercompany agreements will benefit people who need enforceable consensus when they need services or goods. For these kinds of companies, the law helps them to fully do business on the Internet. This will save money that can be handed to consumers.

E-commerce: E-commerce is the ability to access the global market electronically, access real-time market information, improve internal efficiency, reduce costs, and complete commercial transactions. Electronic commerce contributes to the economic growth of developing countries by providing channels for further exporting goods and services. This is especially true for intercompany transactions. Electronic Government: Provide public services and information to citizens online, civil society participate in governance through information technology. The e-government program focuses on providing government services online and strategically demonstrating the economic benefits and useful usage of IT. This includes improving the efficiency of internal information to support policy makers, improving the provision of government services, and accessing government information by civil society and strengthening response to government information.