1. INTRODUCTION
Electronic Commerce is for the age of Information Technology what mercantilism, the quest for gold and the conquest of new lands were for the age of discovery. Like the prow of a large fishing boat, it draws towards itself all other interests and elements of society, and it will leave new discoveries and changes in its wake. The vast networking of world through optic fibers, satellites and wireless communication is creating a new global community and a new global market, in which most of the countries should participate. It is strengthening, almost paradoxically, the identity of small groups, isolated communities and minority interests and driving them towards a less costly social and economic activity and widening their opportunities. And most importantly, it is empowering small businesses to compete with multinational corporations and enabling consumers to search the world for exactly what they needed.
E-Commerce basically means using networks (Internet) to carry out all the activities involved in business management and operation: buying and selling of products and services, technology and partner search, dealing with counterparts, choosing the most convenient transportation and insurances, performing bank transactions, paying and billing, communicating with company salesmen, picking up orders, and any other activities necessary for trading.
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