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E-commerce Policy and the Global Economy: A Path to More Inclusive Development?

Alan A Ahi1,2,3, Noemi Sinkovics4, Rudolf R Sinkovics4,3

  • 1Business School, King's College, University of Aberdeen, Aberdeen, AB24 3FX UK.

Management International Review : MIR : Journal of International Business
|November 8, 2022
PubMed
Summary

Digitalization is reshaping the global economy, yet E-commerce policy research remains limited. This study emphasizes improving institutions, supporting developing nations, and aiding small and medium-sized enterprises for inclusive E-commerce growth.

Keywords:
Global economyGovernance systemInclusive E-commerceInternational E-commercePolicySustainable development

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Area of Science:

  • Economics
  • Digital Transformation
  • International Trade Policy

Background:

  • Digitalization is fundamentally altering global economic structures, with a significant increase in digital components in cross-border transactions.
  • While literature on digitalization and E-commerce is expanding, dedicated studies on E-commerce policy are comparatively scarce.
  • Existing research often overlooks policy documents, focusing primarily on academic articles.

Purpose of the Study:

  • To conduct a comprehensive review of E-commerce policy issues and recommendations by including both academic and policy documents.
  • To identify key factors necessary for promoting inclusive E-commerce participation globally.
  • To address the gap in scholarly work concerning specific E-commerce policy analysis.

Main Methods:

  • A mixed-methods approach analyzing academic articles and policy documents related to E-commerce.
  • Systematic review and synthesis of identified literature to categorize key themes and policy recommendations.
  • Comparative analysis of policy landscapes across different countries and economic development levels.

Main Results:

  • Inclusive E-commerce participation requires policies that strengthen formal institutions within countries.
  • Facilitating the integration of less-developed countries into the global E-commerce landscape is crucial.
  • Enhancing E-commerce adoption among small- and medium-sized enterprises (SMEs) is a significant policy objective.
  • Collaboration and solidarity among governments and stakeholders are vital for effective E-commerce policy.

Conclusions:

  • Policies must focus on institutional development and equitable global participation to foster inclusive E-commerce.
  • Targeted support for SMEs and less-developed economies is essential for maximizing the benefits of E-commerce.
  • International cooperation is paramount for developing effective and coherent E-commerce policies worldwide.