Open AccessElectronic Commerce and International Trade of Pakistan
Author(s) -
A. R. Kemal
Publication year - 1998
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v37i4iipp.849-859
Subject(s) - wonder , the internet , product (mathematics) , business , work (physics) , industrial organization , commerce , supply and demand , mechanism (biology) , e commerce , information technology , international trade , marketing , computer science , economics , microeconomics , world wide web , mechanical engineering , psychology , social psychology , philosophy , geometry , mathematics , epistemology , engineering , operating system
The international trade theories assume complete informationon demand, supply, prices, product specification and technologies butsuch assumptions generally do not hold. In particular information isinadequate for both the importers and exporters to make optimal choices.Obviously countries with elaborate information mechanism move closer totheir export and import potential than those who lack such mechanism. Itis therefore, no wonder that the governments help producers inorganising exhibitions, fairs etc for introducing their products. Theadvent of information technology, e.g. e-mail, Internet and Web sites,provides easy access to information. It provides an opportunity tointroduce products and assess the demand for the products and at thesame time allows importers to reach the minimum cost source. This alsoallows the producers to acquire technologies and explore thepossibilities of subcontracting. Needless to add that the expanded network affects disproportionately different producers and differentcountries; it depends on the intensity of use of electroniccommerce