life
...ng the current level of growth. This also implies that e-business applications have played a significant role in the productivity growth. However, there are more immediate problems associated with IT-driven Internet economy in promoting e-business practices. Foremost of these problems are the privacy issue, digital copyright, taxation related to sales taxes, and online frauds and crimes. Several of these issues require international cooperation to resolve outstanding concerns, e.g. how to tax foreign sales of digital products that are delivered via the Internet, how to prevent piracy when the Internet offers an opportunity not only to reproduce but also to operate outside of legal authorities, and so on. The phase of technological innovation has not slowed down, but that is a double-edged sword. New technologies and applications come into the market, increasing uncertainty about a particular product or a business model. The majority of workers are ill-equipped to be employed in the IT sector when new technologies and skills appear almost at a dizzying pace. Two years in the Internet time is an eternity, which makes worker's skills obsolete. Finally, all this uncertainty may sim...