Opportunities for developing countries 10/08/2010
![]() 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. ![]() 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 Really, it is strange to hear that. Me too. I thought that Nobel prizes were only given to people. Strangely, the Internet was nominated for that. It is the first non-human to receive this honor. I saw from my childhood whenever it was time for a debate; the topics that come first in our minds (in India) are “Arranged Marriage Vs. Love Marriage”, “Internet – Boon or Curse”. We are still deciding whether the internet is a boon or a curse. But the Internet proved that it is a basic requirement and can change the human DNA. I would feel happy to nominate the Internet for world peace. There are also controversies that the internet also promotes destruction along with peace. I think the usage of the internet is in our hands, rather than blaming the internet for promoting destruction. I can say one thing for certain is that it strongly revolutionized the planet and helped billions. I am also eagerly waiting for the results. Last year it was given to Barrack Obama "for his extraordinary efforts to strengthen international diplomacy and cooperation between peoples." | Scribblings
These are the posts on the technical, political, social, and entertainment stuff. ArchivesOctober 2010 CategoriesAll |


RSS Feed

