Reading Report 1#

In《Socio-Economic Impacts and Influences of E-Commerce in a Digital Economy》in《Digital Economy》, chapter 1, Harbhajan Kehal & Varinder P. Singh, 2005, the author Sushi K. Sharma analyses the impacts and influences of Digital Economy in various aspects. At the beginning he gives the definition that Digital Economy is “ a convergence of communications, computing and information” (Sushi K. Sharma, Page 3, Digital Economy, 2005). Then he discusses “the positive influence of E-commerce for Business” (Sushi K. Sharma, Page 3, Digital Economy, 2005), which benefits both suppliers and customers. Later he talks about Digital Economy’s impacts and influences on society, which includes “digital divide, marginalization, social Isolation, loss of Individuality, privacy invasion and changes of local, social and political values” (Sushi K. Sharma, Digital Economy, 2005). After that he shows the reader how Digital Economy exerts its influence on economy, which consists of “organizational changes of enterprises, negative impacts on local business and community, the inconvenience caused by bundling or tying arrangements, negative effects on tax and employment, the formation of a competitive market, the impact on prices and the threat to SMEs” (Sushi K. Sharma, Digital Economy, 2005). Finally he concludes that electronic commerce brings both positive and negative impacts.