Year: 2024
Type: article
Abstract: The rapid development of the Internet has profoundly reshaped human lifestyles, and electronic commerce, as a shining star in this wave, is reshaping the modern economic landscape at an unprecedented speed. It has not only significantly reduced consumer transaction costs but also revolutionized shopping experiences through convenient payment systems, intelligent recommendations, and immediate logistics. Additionally, electronic commerce has prominently enhanced transaction efficiency and volume, stimulating market vitality. With its unique advantages, electronic commerce has excelled in optimizing resource allocation, precisely matching supply and demand, and elevating the overall effectiveness of the economic system. At the same time, it has catalyzed profound changes in market structures, promoted the digital transformation of enterprises, and opened up new growth paths for small and medium-sized enterprises. In terms of fostering economic connectivity, electronic commerce has broken down geographical barriers, accelerated the process of regional economic integration, and injected new vitality into the global economy. This article will explore the profound impact of electronic commerce on economic growth, industrial structure, and regional economic integration from multiple dimensions, and offer suggestions for its future development, aiming to jointly create a new chapter in electronic commerce.
Authors: Kaijun Jacky Cui, Xinyu Fan
Institution: University of California, Los Angeles
Language: English
Subfield: Business and International Management
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4405818443