The Role of Information and Communications Technology in International Trade

Many previous studies have proved that revolutionary progress and breakthrough of information and communications technology (ICT) has had a tremendous significance for the development of international trade. The purpose of this paper is to present some of the major channels through which new information technologies impact international trade flows. In addition to various benefits of e-business for the exchange of information, products and services, some of the key challenges are also indicated. Unauthorized access to confidential information, misuse of users’ personal data, insufficient availability of broadband connection and restricted access to it are just some of the problems that need to be overcome in order to maximize the benefits of technology in international trade