PERRITT, Henry H. Jr; CLARKE, Randolph R

Chinese Economic Development, Rule of Law, and the Internet - New York : Elsevier, 1998

The Internet and its World Wide Web (Web) have an important role to play in the economic development of China. The government of the People's Republic of China has declared its intention to open opportunities for foreign trade and investment in China. Part of the commitment is a commitment to rule of law. Rule of law acceptable to commercial interests requires transparency and decisional rationality. These two features can be realized most quickly by connecting legal institutions through the Internet's Web to bodies of international commercial law, thus creating a virtual library for Chinese legal decision makers, and using the Web as a quick and cheap electronic "printing press" for Chinese legal decision makers. As a result, their statutes, rules, and decisional law become available to commercial interests. But technology is not enough. Innovative cross-cultural exchange programs aimed at the legal, managerial, and Web-master professions will round out this rule of law support for commercial globalization