The Evolution of International Electronic Business

Abstract

The pace of development of e-commerce is now more significant than that of world trade as a whole, reflected in the work of the World Trade Organization. Reduced costs compared to traditional stores contribute to the opening of new companies. One of the main trends of this year were the changes that have occurred in the work of the great giants of the Internet. For the sake of possible growth, the largest companies are expanding towards 'real markets', for example, Amazon in the US and Singapore, Zalora. At the same time, a number of providers are expanding their online offers, such as Walmart, Nordstorm. The aim of this study is to present an overall analysis of the evolution of international e-business, to identify the problems that hinder their development and to present smart solutions that could be successfully applied by real-life entrepreneurs.

Keywords

• e-commerce market
• international electronic business
• internet