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Background and Introduction to the Digital EconomyFiled Under: General

?Digital economy is the infrastructure development of modern society towards full coverage of information society attributes. Information society is coming through three- revolution onvergences:
• digital revolution, that opens the ways for
• economic revolution, that in turn, strengthens
• social revolution.

In the scope of the information society development, the core categories should be recognized, introduced and activated (Castells, 2000). The information society under- lined with information-communications systems’ full utilization and knowledge-based economy and social activities, functions just like any society. There is the community of the people that communicate to exchange opinions, knowledge, etc., and act under social rules agreed to by most of its members. Thus, we can acclaim three basic segments of the information society, each of them consisting of one core category:
• infrastructure – telecommunications infrastructure (the members of the society must communicate)
• services – the content (the goal of communications is to transfer the content)
• legislation -electronic signature (the goal is to compile rules of intercommunica tion processes in which the electronic content is interchanged).

E-Business, as well as all of the active participants in the digital economy environment, raises a host of new legal issues which is being driven by four key factors:
• electronic medium – doing activities, business in digital form, in real-time over open digital networks without paper or traditional legal and security methods raises new legal issues;
• geographical constraints – although a digital economy is not constrained by geographical borders, countries have different laws, languages, cultures;
• business models – new ways of doing business electronically in a digital economy environment may present unfamiliar and unknown legal constraints;
• legislation models – legislators and courts alike are transforming laws as they struggle to address the features and implications of the digital revolution and digital economy, as well.

Taken From : Digital Economy – Impacts, Influences and Challenges