The Role of Electronic Arbitration in Boosting E-Commerce

Abstract

The goal of this article is to cover many aspects of e-commerce, such as most important characteristics of e-commerce, e-commerce components, e-commerce legal regulation features, and how electronic (online) arbitration can contribute to the resolution of e-commerce disputes. Electronic commerce can benefit the economies of all countries. In the short term, developed countries are likely to benefit the most, but developing countries will benefit more in the long run. More international trades will occur as a result of e-commerce. Knowledge will spread to countries that are open to high-income economies\' imports. Furthermore, people believe that electronic commerce will both create and destroy jobs.