Share this with your Friends |

 
Picture
The world is the eye witness for subsequent milestones of the digital revolution. E-Commerce is slowly leaning towards the products and services that are being transacted over the internet. The usage of internet has become a positive advantage for the e-commerce in the recent years. India, with its manual power and software reputation, stands ahead in the competition among all the Third World nations. The developing countries’ services are extensively being used by the advanced nations as the potential fields offering low-priced and efficient e-commerce services. These nations must concentrate on the interconnection of networks within the country and outside the country.  They should develop the information infrastructures for the growth of online internet businesses and the creation of new software jobs. Only 20 percent of the companies in developing nations are currently implementing e-commerce, and CEO’s of all multi-national companies rated e-commerce as crucial for their business strategy and growth.
       Electronic Commerce is allowing the Indian companies to enter the international market. The lack of technology consciousness like the short and long term advantages, and the nonexistence of a regulatory structure are reducing the degree of technological development in India. E-Commerce is becoming a powerful tool through which anybody can sell their products worldwide and this can in turn, boost the economy. Improvement of the infrastructure of the country provides the job opportunities for the millions of people. This breaks the long-standing tradition of barriers in the developing countries. There are many advantages for the companies in the developed countries such as cheap labor and low investment costs.
Picture
The government organizations of the developing countries must focus on these long term issues like infrastructure to compete with rest of the world. By allocating sufficient funds for the future action plan in the fields of telecommunications and broadband infrastructure for rural areas can give life to the e-commerce. In the long-run, this provides many benefits like increase in per capita income. E-Commerce gives a breakthrough to the small and medium companies in developing countries to show their potentiality worldwide and therefore contribute more actively in such e-commerce projects. The countries like India has a wide range of traditional segments such as  wooden works, textiles, handicrafts , crafts, art, gold works, herbal medication, etc. which had unsuccessful experiences in the earlier periods in accessing the international markets due to their deficiency in marketing. If the proper marketing techniques are adopted for these traditional goods, a new era would begin in the trade history of India.
Add Comment
 
 
Picture
© The Wall Street Journal
Economics reporter Sudeep Reddy answered this  question from The Wall Street Journal October 8th 2010 Friday. There are some pretty interesting questions on the jobs, economy, hiring, unemployment, etc. in the United States of America.

Question(Myself): Is there any chance of double dip recession?

Sudeep Reddy: Hi Arjun. The fact that we're even talking about the possibility of a double-dip recession indicates there's a chance of it. Right now it's not a likely scenario, barring some kind of outside shock (a new round of trouble in the global financial system or some geopolitical event). But we're looking at a period of painfully slow growth for the next year. If the US economy expands even at just 2% to 3%, that's not enough to bring the unemployment rate down.

Check out the full deatils here:
http://blogs.wsj.com/economics/2010/10/07/wsjs-sudeep-reddy-takes-your-questions-on-the-new-jobs-report/
Add Comment
 

© 2010 Nagw Corporation All Rights Reserved. Posts and Images are Copyrighted.

Follow nagkarjun on Twitter Site Meter Protected by Copyscape Plagiarism Checker