British Foreign Secretary On E-Commerce and Blurred Geographies

From British Foreign Secretary William Hague’s 10/18/2011 guest editorial in Spiegel :

Web-based industry has already become a critical part of our economies. The UK’s industry is already worth £100 billion, accounting for 8% of our total GDP, and is forecast to grow at 10 percent over the next four years. Globally, e-commerce sees $8 trillion change hands each year …

Our reliance on cyber blurs geographical boundaries, breaks down traditional cultural and religious divides, brings families and friends closer together and enables contact between those who share common interests or concerns.

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