... is the widespread use of e-commerce over the Internet. According to industry estimates, the value of e-business amounted to $43 billion in 1998 and is expected to mount to US$1.3 trillion by 2003. Hong Kong must swiftly acquire the latest information "know-how" to enable them to become more cost-effective, adaptive and responsive to the rapidly changing market conditions and foreign competition in the globalization ... drawbacks of globalization and the potential "social explosion" fomented by current and future unemployment. According to Hu Angang of the Chinese of Academy of Sciences, ...

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• Approx Pages: 14
• Grade Level: Undergraduate