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E-commerce Prospects and challenges In Developing Countries
CONTENT Opportunities Challenges
Capital growth It indicates that customers have more money to spend on other products in this sector with rising profits. It is also a strong way for businesses to do it. There is no physical appearance needed for an individual in any area. Therefore the use of web platforms to sell your products and services is more realistic. In short, the financial feasibility of e-Commerce investment is now strong.
Trade E-commerce may boost trade among countries, in particular between regions. In other words, businesses will spread to foreign markets, while policymakers profit from the increased sector. This study also found that e-commerce increases the movement of technology from advanced to emerging countries, which has important impacts on innovation and competitiveness in developed countries
Creation of jobs Politicians must construct an environment that would encourage e-commerce by increasing jobs. E-commerce would definitely kill those employment. It would, however, potentially yield more workers than it kills. E-commerce creates jobs in various sectors, such as IT, logistics and transport
OPPORTUNITIES
Challenges CLIMATE & LEGAL
FINANCIAL ACCESS
In certain developing nations, the legislative and regulatory system is not conducive to sustainable growth. In certain developing nations, there are no consumer protection laws. In these nations, bribery is very high.
Many corporations have significant potential for expansion. However, insufficient options for financing preclude them. This prevents you from using revolutionary technologies that will allow you to realise your true success potential
SYSTEMS OF ONLINE PAYMENT The growth of e-commerce worldwide and other online payment mechanisms was powered by mobile payment services. Apple Pay, PayPal, WeChat Pay and Alipay are the popular online payment types. Unfortunately in most developing countries, secure online payment systems are scarce
INFRASTRUCTURE NETWORKING & IT Internet & IT technology is another huge issue in the developing world. Many industrialized countries have poor IT and access networks. In better nations, the poorer have no access to these facilities. Consequently, people are unable to completely understand e-commerce
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