E-Commerce

A detailed Summary of E-Commerce

In 1992, America was under economic distress and uncertainty as a country. America had experienced high unemployment, big deficits, high interest rates, low productivity gains and falling real wages for average Americans. After twelve years of national drift and economic decline, President Clinton charted a path to growth with the "New Directions" economic plan designed to create jobs, boost incomes, move our economy from consumption to investment, and reduce our deficit. His three-part economic strategy focused on three objectives: fiscal discipline, investing in education, health care, science and technology, and opening foreign markets. This strategy has helped foster the conditions for what is now the longest expansion in US history.

The Clinton-Gore Administration has opened foreign markets for high tech goods, cracked down on foreign piracy and liberalized export controls on computers and telecommunications equipment. At the same time negotiating over 270 trade agreements, including those involving high technology issues. By eliminating hundreds of programs, the investment in education and training has doubled. As a result of these actions America is now experiencing a virtuous cycle of progress and prosperity that few could imagine.

American Technology has moved in a new direction, which has fostered economic growth. Information Technology has helped transform the economy. Information Technology has made a crucial contribution to the new economy, helping fuel record growth, highe

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Approximate Word count = 512
Approximate Pages = 2 (250 words per page double spaced)

Category: Technology

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E-Commerce

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