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The New Economy and the International Regulatory Framework

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  • Daniel Piazolo

Abstract

The rapid diffusion of the internet and electronic commerce changes the way business and international trade take place. The new economy poses new challenges to the international regulatory framework, since small distortions due to differing sets of regulations and taxation between countries might grow to non-negligible dimensions. This paper examines the necessary reforms of the multilateral framework concerning standards, policy coordination and taxation and stresses that the new economy reinforces the need for consistent, transparent, non-discriminatory, simple and enforceable rules. Furthermore, strategies to overcome the digital divide between countries are set out.

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File URL: https://www.ifw-members.ifw-kiel.de/publications/the-new-economy-and-the-international-regulatory-framework/kap1030.pdf
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Bibliographic Info

Paper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 1030.

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Length: 41 pages
Date of creation: Mar 2001
Date of revision:
Handle: RePEc:kie:kieliw:1030

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Related research

Keywords: New Economy; Policy Coordination; Tax Distortion; Trade Diversion; WTO; Developing Countries.;

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Cited by:
  1. Klodt, Henning, 2001. "The Essence of the New Economy," Kiel Discussion Papers, Kiel Institute for the World Economy (IfW) 375, Kiel Institute for the World Economy (IfW).
  2. Haydar Akyazi & Seyfettin Artan, 2006. "Reflections of the New Economy on the Monetary Policy and Central Banking," Papers of the Annual IUE-SUNY Cortland Conference in Economics, Izmir University of Economics, in: Proceedings of the Conference on Human and Economic Resources, pages 373-387 Izmir University of Economics.
  3. Haydar, Akyazi & Seyfettin, Artan, 2006. "The reflections of new economy on monetary policy and central banking," MPRA Paper 603, University Library of Munich, Germany, revised 27 Sep 2006.

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