| Sumario: | The emergence of electronic cash and a digitally networked global economy threatens the very basis of the territorial state. In a world in which true e-cash is an everyday norm, the essential role of government in a liberal market economy and the relevance of borders and geography will be dramatically altered. Moreover, the increasing irrelevance of geographic jurisdiction in a digital world economy will increase considerably the risks of fraud, money-laundering, and other financial misdemeanors. The questions that America must face now are whether territorial sovereignty will still be viable as the primary basis for economic and political governance as the 21st century looms and what the ramifications will be for both America's economy and its people if there is a refusal to cooperate internationally in the face of an increasingly integrated global economy. The writer presents a list of governance issues raised by the advent of e-cash.
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