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A "digital divide" threatens the global trade regime. And it is not
narrowing - it is rapidly becoming an unbridgeable chasm. Nor is
this a problem merely for developing countries: the headlong trend
toward dematerialisation of trade documents in the developed world
will grind to a halt unless all trading countries without exception
possess the legal and operational ability to participate in
paperless trade. This work not only describes the obstacles to
universal support for paperless trade, but also provides solutions
that can be implemented if stakeholders make the collective effort
to achieve this goal. Dr. Laryea investigates such central issues
as the following: legal problems and security risks not encountered
in paper documentation; accommodating low-tech problems with
electronic documentation; and funding the construction of
information and communication technology infrastructure in
developing countries. The presentation focuses on each of the
essential contract documents in turn, from the quotation to the
documentary credit, explaining exactly how the electronic versions
of each work (particularly in terms of security), and why each is
desirable.
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