Abstract:

In general electronic commerce is considered as one of the major concepts of new economy Electronic commerce allows individuals and organizations process and transfer data on the form of text voice and image through open and closed networks It can be claimed that electronic commerce is a new concept but its use in trade and commerce has already been established Because instruments of electronic commerce such as phone fax television EFT and EDI have been in use in trade and commerce for a long time However today electronic commerce is mostly associated with internet and for many people electronic commerce is perceived as commercial transactions through internet Due to the opportunities provided by electronic commerce in the development of economic and business activities there has been a strong desire to promote and expand its use So far the main indicator that leads to the expansion of electronic commerce is the increasing investments made into information and communication technologies Products of information technologies such as computers and internet have helped electronic commerce reach its status today In other words in the development of electronic commerce major supports comes from the increases in technologic innovations It is expected that the volume of electronic commerce will also be increasing However in real life it is believed that technological advancement alone is not sufficient for electronic commerce to expand further In this study development of electronic commerce and factors influencing this development will be examined by using data from different nations Besides the study intends to explore obstacles that are hindering the development of electronic commerce In the final section of this study recommendations will be made concerning the removal of obstacles which slow the expansion and development of electronic commerce Keywords: E Commerce Development of E Commerce Information and Communication Technology Obstacles

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