By Harbhajan Kehal, Varinder P. Singh
Electronic financial system: affects, affects and demanding situations offers information regarding the socioeconomic facets of the electronic economic system. This set of 18 essays covers the results of electronic economic climate on company transactions, expertise and tradition, in addition to on schooling. It additionally covers a variety of features of worldwide creation, alternate, and funding and the results of net. The chapters assessment most sensible practices from proposal to improvement, via implementation and evaluate. This publication is without doubt one of the few books that appears on the electronic economic climate from a socio financial attitude, delivering views from students and practitioners of electronic economics all over the world.
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Extra info for Digital Economy: Impacts, Influences and Challenges
E-commerce has also allowed the establishment of completely new types of businesses such as online shopping and Internet banking. These new ways of thinking, and processes involved in commerce, provide many benefits and advantages. E-commerce brings substantial net benefits to the economy. The real impact of e-commerce is its ability to reduce costs and prices and make doing business more efficient. The increased productivity will result from lower production costs, lower inventory holding costs and lower overall input costs to a business.
An important component of the sociological implications of the information age is that the breaking down of distances that is at the heart of the process should not be allowed to impinge on the essence of individuality. There is clearly the need to ensure that an electronic counterpart of physical individuality is evolved so that there is a true breaking down of distances without a loss of identity. There is already wide recognition of such a need across the world and various efforts are in place to create such e-identities (Miyazaki and Fernandez, 2000).
Hopefully online communities of the future will help reduce social isolation, enrich local neighborhood communities and encourage development of social capital. Corporate cultures that are traditionally strengthened and reinforced through informal discussions of stories, ritual and specialized language can no longer be maintained. Therefore, geographic dispersion is the primary factor contributing to a weakened culture. Another issue is ensuring the safety standards of tele-workers. Some feel that an employer should be responsible for preventing or correcting hazards in a home office, passing an unprecedented burden of liability onto the employer.
Digital Economy: Impacts, Influences and Challenges by Harbhajan Kehal, Varinder P. Singh