Information technology has been and continues to be applied in a wide range of economic activities. Most frequently, one hears only of the benefits associated with the application of information technology in some specific industry or to some particular economic process. Costs, however, also are associated with the application of information technology, although such costs may not outweigh the benefits of such application or even cause disequilibrium and dislocations over long periods. The purpose of this research was to assess the contention that the application of information technology to the process of international trade leads to Pareto Optimality. The finding…