電子商務(wù)的發(fā)展現(xiàn)狀、問題、影響和未來【外文翻譯】

1、本科畢業(yè)論文（設(shè)計）外文翻譯原文：原文：EFinance:CurrentDevelopmentsIssuesImpactsFutureAsthegrowthofInterbroadensitsscopeefinancegrowsaccdingly.Aspartofecommerceefinancehasitsownuniqueacteristics.OnonehtheInteroffersconveniencepricetranspar

2、encybroaderaccesstoinfmationlowercostsontheotherhfinancialservicesaredataintensivedonotgenerallyneedphysicaldeliveryofproducts.Thecombinationofthetwoseemstogiveuniqueadvantagestohelpefinancialservicesgrowfasterthanothere

3、commercesects.TheimpactofInterontraditionalfinancialservicescanbecategizedintopricetransparencydifferentialpricingbypassdisintermediation.Sincethereisnobroadlyaccepteddefinitionofefinancewetentativelydefineefinanceasthep

4、rovisionoffinancialservices:InterbankingbrokeragepaymentmtgageotherlendinginsurancerelatedservicesovertheInterviaotherpublicwks.Sato(2001)showsrecentdevelopmentsinefinance.Thegrowthoffinancialservicesisestimatedtoexceedo

5、netrilliondollars.Accdingtooneestimateefinancerevenueswillmethandoubleinthreeyears(MganStanleyDeanWitter1999).Howevernotallsegmentsgrowatthesamespeedinfinancialservices.Amongthesegmentssuchasbrokerageonlinebankingepaymen

6、tslifeinsuranceinvestmentbankingInterbrokeragegrowsthefastest.Onlinebankinggrowsalittlebitmeslowly.EpaymentslifeinsuranceInterbankinghardlyseeanydramaticgrowth.Howeversomesimplerfinancialserviceproductsmightseepotentialg

7、rowthinthenextfewyears.Theyincludeonlinecreditcardsmtgagesstudentloanscarloansleasessimplerinsuranceproductssuchascarinsurancetravelinsurancehomeequityinsurance.Fromaninternationalmover”benefits.Eachoftheabovementionedth

8、eycanshowwhysomesegmentsaremeinclinedtofastgrowthsomeothersegmentswillgrowmuchslowly.Thefirsttheywillshowthatbrokerageserviceswillbemucheasiertomoveonlinebecausetheservicesarerelativelysimple.Onthedemsidelowertransaction

9、costsgreaterinfmationtransparencymeansmeincentivesfcustomerstojointheservice.Onthesupplysiderelativelowentrybarrierspushtheincumbentfirmstomovetotheonlineservicesquickly.Otherwisetheincumbentfirmswillfacemarketshareerosi

10、on.Inthecaseofslowgrowthinemoneyserviceinvestmentbankingserviceothermecomplicatedfinancialservicesentrybarriersarehigher(investmentbanking)inconvenient(complicatedfinancialservice)insecure(epaymentservice).Therefethesese

11、gmentsshowsluggishgrowth.Accdingtothesecondtheythefastgrowthofbrokerageshowsthatthefirstmoverbenefitstremendously.Firstmoverwillbeabletograbalargechunkofcustomers.Eventhoughprofitmarginmighterodeintheshttermthelargevolum

12、efromlargemarketsharewillbemethanenoughtocompensatethemarginloss.Fromprofitmaximizationpointofviewbrokeragefirmswillbeabletoidentifythetrendsmovequickly.Howeverotherefinancialservicesarenotabletoshowthefastgrowthobserved

13、inthebrokeragehouse.Asefinancegrowsmanyinterrelatedissuesemerge.itshowsthateconomicintegrationwithinacrosscountriesderegulationadvancesintelecommunicationsthegrowthoftheInterwirelesscommunicationtechnologiesaredramatical

14、lychangingthestructurenatureoffinancialservices.Interrelatedtechnologiesaremethanjustnewdistributionchanneltheyarealsodifferentwaysofprovidingfinancialservices.Therelatedissuestoefinanceare:1.Safetysoundnessa)Overthelong

15、runtheremaybelessneedfafinancialsectsafetyincludingprudentialregulationsupervisionofbanks.b)Authitiesshouldbewaryofextendingguaranteestonewdepositsubstitutesasthemalhazardimplicationscouldbesubstantial.c)Overtheshtrunaut