E-commerce: Impacts and Policy Challenges
E-commerce -- an application of the Internet -- has expanded exponentially over the past 5 years and is widely expected to continue to develop rapidly in the medium-term. Much, however, remains to be done to fully exploit the opportunities offered by e-commerce. And as e-commerce develops, it could have profound impacts in individual sectors of the economy as well as for macroeconomic performance and economic policies. This paper assesses the potential outcomes and economic impacts of e-commerce in the business to business and business to consumer spheres; the forces underlying its expansion and the possible implications for structural and macroeconomic policy management.