Hands-off approach helps e-commerce flourish, panel says

A decade after President Clinton announced the Framework for Global Electronic Commerce, e-commerce has exploded, and a major reason for its success is the government’s hands-off approach to regulating it, a panel said today.

E-commerce has flourished from the outset because it does not face taxing, heavy regulations and a Federal Communications Commission-like board that controls content, said Ira Magaziner, the primary author of the e-commerce framework.

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