The state of e-commerce in developing countries

The use of the Internet is growing at high speed all over the world. According to the World Stats website, the global internet penetration rate was 25.6% in 2009. Underdeveloped countries in Africa, Asia and Latin America also show high internet growth rates. use of the Internet. Between the year 2000-2009, Africa posted 1,392.4%, while Asia and Latin America posted growth rates of 545.9% and 890.8% respectively.

This rapid growth rate of Internet use in developing countries strongly affects their international trade situation. Nations such as India and China are now among the major players in this global trading environment. They have greatly increased their competitiveness. Other developing countries in Africa and Latin America are also showing progress.

Due to this strong growth in internet usage and e-commerce penetration, the above countries are showing significant progress and advancements in their economies. Their products and services now reach long distances across the world. Other developing countries must also learn from these model nations. If they can pay enough attention to industry and can perform the desired tasks, they can see the economic transitions that the model nations above are able to see.

So, in order to see these results, first of all, every developing country must know and believe that e-commerce is now becoming an obligation to be competitive in the global trading environment. Globalization is making our world a small village and greatly simplifying business operations. Today, entering the global business network is a very simple task as people in one corner of the world are now reaching people in the opposite corner of the world right from their bedroom. Furthermore, individuals, companies and nations as a whole obtain enormous financial benefits and increase their competitiveness in the global market.

If developing countries want to develop their economies, entering and competing in international trade is mandatory. And doing business electronically (e-commerce) is now the technological level reached by today’s business environment. Therefore, these nations must place the advancement of information and communication technologies and electronic commerce among their priorities. This requires the collaboration of all concerned bodies, professionals, government agencies, legislators and policy makers, banks and society as a whole.

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