1. Hong Kong
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. ... Secondly, WTO membership is intended to "revamp old-fashioned domestic industries" through competitive pressures (Jianrong, 1999). ... Although domestic industries are expected to suffer within the first 5 years of membership, the benefits achieved in terms of enhanced efficiency, competitiveness and technological development would highly exceed these efforts (Idem). ...
- Word Count: 3624
- Approx Pages: 14
- Grade Level: Undergraduate