Philippine E-Journals

The Economic and Moral Dimensions of Consumer Protection in the Internet

Winston B. Padojinog

Discipline: Economics, Technology

 

Abstract:

Internet technology was developed in the early 1990s and was commercialized in the middle 1990s. The Internet's digitalization of data through telecommunications technology has diffused information

throughout the world. The developments and innovations in the application of the Internet have affected economies and peoples In ways never before seen since the discovery of the microchip. The unique power of the Internet in social communications eliminated barriers that were once imposed by capacity, space, and time. Now, information through the Internet can be real time. The Internet can carry and provide unlimited access to data and information. It can provide real presence through and in cyberspace. Because of the Internet, peoples and economies are more connected, and their transactions and interactions with each other are carried out faster and more efficiently. With improved computing power, information is delivered, accessed, and interacted at much faster rates and with better quality than ever before. The Internet has facilitated connectivity, shortened the feedback systems between enmities, made communications accessible anywhere and anytime, and opened limitless possibilities as regards the kind and type of information that can be transmitted.