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→Framework for Global Electronic Commerce
''If we establish an environment in which electronic commerce can grow and flourish, then every computer will be a window open to every business, large and small, everywhere in the world.In many ways, electronic commerce is like the Wild West of the global economy. Our task is to make sure that it's a safe and stable terrain for those who wish to trade on it, and we must do so by working with other nations now while electronic commerce is still in its infancy.''
''If we establish an environment in which electronic commerce can grow and flourish, then every computer will be a window open to every business, large and small, everywhere in the world.In many ways, electronic commerce is like the Wild West of the global economy. Our task is to make sure that it's a safe and stable terrain for those who wish to trade on it, and we must do so by working with other nations now while electronic commerce is still in its infancy.''
The 5-Point Principle Supported by the Magaziner Framework for Global Electronic Commerce include:<ref>[http://www.w3.org/TR/NOTE-framework-970706 Framework for Global Electronic Commerce]</ref>
* The private sector must lead in the development, innovation and expansion of the internet and electronic commerce
* Governments should avoid undue restrictions on electronic commerce
* The main objective of the government is to support and enforce a predictable, minimalist, consistent and simple legal environment for commerce in the event a governmental involvement is needed
* The unique qualities of the Internet should be recognized by governments
* Facilitation of the electronic Commerce over the Internet should be done on a global basis
==References==
==References==