This website uses cookies to ensure you have the best experience. Learn more

E Commerce And Its Role In Developing Countries

3104 words - 12 pages

Earlier, there were two ways of buying a novel: Order it via a catalogue ,a book club or purchase it from a shop. But today, you can sit at home, use the internet and surf online. Go through a collection of books form a site (Barnes and nobles) and order one of your. You pay for the book online and it is delivered to you online or physically. This is exactly what happens for other goods and services bought on the internet. And this is what is termed as "E-commerce."As per Julia Nielson and Rosemary Morris, authors of "E-commerce and trade: resolving dilemmas", e-commerce is the production, sales, advertising and distribution of products or services through telecommunication network .E-commerce brings in the whole industry and activities like applications, producers, information exchange, and economic exchange under one word called the "internet".E-commerce is highly dependent on the technology. Example: interconnectivity among satellites, telecommunications, cables etc. E-commerce needs to keep in mind the process infrastructure, which involves the various means of making payment, distribution and delivery over the internet possible. Certain standards have to be maintained if a country wants to indulge in e-commerce . Example: privacy disclosure and maintaining connectivity standards. Countries like India, Africa will have to follow certain rules and regulations to protect privacy, to maintain connectivity and authentication globally.E-COMMERCE and INTERNATIONAL TRADE AND FINANCEEarlier ,we had to show up at the market with currency to buy a product. But today, we don't even need to be physically present at the market nor do we have to have the good physically present for buying and selling. E-commerce has evolved the traditional trade and market place. It is a major step in the evolution of business transactions.It has had a major impact on international business practices, blurred the differences in time zones, production and trade can be conducted round the clock and across continents.E-commerce uses internet as its major tool. It is a valuable medium for international trade as it reduces communication costs, reduces time-to-market for goods and also exports services. Internet can deliver information in any sort of digitalized format at a low cost to any location in this world. The firm can then pass on this information to its customers in the form of lower prices. In cross border trading, it helps in the supply chain area of goods and services by cutting overhead costs associated with transport, sales and distribution. The internet also creates new opportunities to raise service levels, which are increasingly the key to successful business-to-business and business-to-consumer trading .E-commerce simplifies processes, reduces costs, and makes them more efficient. For example: Air Arabia uses online booking system and ticketing for its operations. In this way it reduces its costs and has more time to market as compared to the other airlines...

Find Another Essay On E-commerce and its role in developing countries

Gloablisation and Its Affect on Business in Industries in Developing Countries

1526 words - 7 pages need to exploit its finite natural resources and use of natural resources increases level of pollution, which contributes to global warming. In some cases environmental costs are much bigger than gains from the trade. Many governments in developing countries are willing to accept a certain level of environmental damage in exchange for economic well-being. The link between the environment and economic development may be more complex that that

Define economic globalization and describe its consequences to developing countries in terms of trade and investment

865 words - 3 pages Define economic globalization and describe its consequences to developing countries in terms of trade and investment. Your answer should integrate the reaction of your country to the issues of economic globalization. (about 800 words).Introduction:-Probably the most important aspects of globalization is the economical one, in this report economic globalization will be define with the discussion of the nature and the limits of economic

The world banks role in developing third world countries

702 words - 3 pages Research Question: Third World countries are often criticised for developing without considering the environment, as a result the destruction of natural rainforests and animal habitat is increasing at a rapid pace. Nevertheless the IMF and The World Bank continue to lend money to third world countries that use the money to finance environmentally destructive projects in a bid to develop quicker, should the World Bank and IMF be held accountable

DISCUSS E-COMMERCE: ITS DEVELOPMENT AND FUTURE PERSPECTIVES

743 words - 3 pages sophistication in e-commerce is the growth and penetration of broadband across national boundaries that have greatly spurred the growth of e-commerce in both the developed and developing countries. Digital media is also becoming richer and very interactive hence improving online customer experience. Recent development of social media networks has added new paradigms to e-commerce, particularly in online marketing. Online shopping and selling is

The role and influence of the IMF on developing countries

680 words - 3 pages Content This assignment will deal with role and influence of International Monetary Fund (IMF) in Bosnia and Herzegovina. Assignment will start with short introduction to IMF, what it is and what purpose does it have, and be continued by influence of this organization in Bosnia and Herzegovina. Introduction Primary purpose of the International Monetary Fund, also known as IMF is to ensure stability of the international monetary system. This

The Central Role of Communication in Developing Trust and its Effect on Employee Involvement

2793 words - 11 pages one of the conflicts I faced during my employment and present my resolution to it. LITERATURE REVIEW In this paper I will be using research results found and presented by Gail Fann Thomas, Monterey Roxanne Zolin, and Jackie L. Hartman in their article titled: The Central Role of Communication in Developing Trust and its Effect on Employee Involvement; published in 2009. In this article, Thomas et al. conduct a study to see the extent that

E commerce and its impact on business to business organisations supply chain

2951 words - 12 pages its relationships and communications with suppliers and other business partners, supply chain management and supplier empowerment. For the purpose of this report only Business-to-Business e-commerce issues will be considered.E-COMMERCE DEVELOPMENTS TO DATEComputers first made their way into everyday business applications in the early 60's with ERMA (the Electronic Recording Machine Accounting). Banks were swamped with the growing volume of cheques

ECommerce - Levi Strauss: key reasons for the failure of its B2C site, consider and explain how the company might have utilised its existing B2B e-commerce to expand successfully to B2C

2211 words - 9 pages (Kirsner, 2000).In addition to all this, at the time Levi's launched its B2C web site, ecommerce had not reached critical mass. Although there were 62 million people on the Internet (Intelliquest, Feb 1998), that's only 2.4% of the worldwide adult population. And only 30% of those were making online purchases (White Paper, Building an E-commerce Network).4.0 Utilising Business to Business (B2B) To Expand Successfully To Business to Consumer (B2C

This house believes India should slow its economic growth to help the world's climate Should developing countries mitigate climate change

2369 words - 9 pages perpetuates the same response from other countries. The US has long held its position that it will not accept green house gas emission cuts until large developing countries such as China and India agree to do the same. India’s inaction will just cause a long term stale mate. Climate change is happening, and India stands to suffer disproportionately high costs. The longer the stand off continues, the more India stands to lose. It is in India’s

Poverty and Inequality in Developing Countries

1280 words - 6 pages . (Yglesias, 2010) Equality in education is an essential role in life and it should be our main goal for a bright future to our children and our society. Second, one of the causes of poverty and inequality is the lack of adequately social mobility. Social mobility means the class movement of people to a higher or lower class. So, lack of social mobility is a serious problem that is causing poverty and inequality. Some countries have a high improvement

New Trends In E-Business: E-Government And M-Commerce

1329 words - 5 pages Abstract The internet has emerged as a major, perhaps eventually the most important worldwide distribution channel for goods, services, managerial and professional jobs. This has profoundly changed the economics, markets and industry structure, products and services and their flow. The consumer segmentation, values and behavior has been shifting constantly due to new technological advances in electronic commerce and mobile commerce. E-commerce

Similar Essays

Business Model And Its Functionalities In E Commerce

3117 words - 12 pages , providing search and comparison tools against different manufacturers of the same or similar products in terms of pricing and specifications.Another interesting approach will be the ability to offer gift certificate over their web site, to enable overseas customers to purchase them as gift either for their corporate clients or friends, also adding this as a diversification in its payment options. The use of mobile e-commerce or mobile e-business

E Commerce In The New Millenium And Its Advantages

2370 words - 10 pages has a number of different uses, it is a business tool (promoting channel V and Foxtel), community notice board, user interactive (allowing the user to participate in an event), it is also an advertisement for other businesses and its server (Foxtel). The site is very user friendly and allows the user to view or interact with the host or other users on the site.As an E-commerce tool the Channel V website is a safe way to buy products that they

E Commerce: Its Development And Future Prospective

696 words - 3 pages feel like. This study discusses the development of e-commerce and its future prospects. What is e-commerce? E-Commerce is the short form of electronic commerce. E-Commerce is the use of electronic data transmission to implement or enhance any business process. Examples of e- commerce are, electronic funds transfer, the use of automated teller machines, online tracking of shipments and electronic data interchange between business communities. E

Our E Waste Is Harming The Environment And Developing Countries

1229 words - 5 pages needs to happen. The more E-waste we produce the more it’s harming the environment. Developed countries do not take care of the majority of their E-waste properly; instead they send it over to developing countries and watch as they turn into wastelands. In the article “Illegal E-Waste from America Poisons Communities Overseas” it mentions that over in China “you can’t breathe the air or drink the water, a town where the blood of the children is