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Journalism of Courage
The developing countries need to push business-to-business B2B segment of the e-commerce market to increase the volume of online transactions, an UNCTAD report said on Monday.
The e-commerce and development report 2002 of United Nations Conference on Trade and Development UNCTAD said that e-commerce is thriving around the globe but in case of developing countries which comprise 95 per cent of all e-commerce, unless B2B end of the market does not take off, volumes there will remain negligible.
The route to a prosperous B2B sector lies in joining regional and global supply chains, it said, adding the main impediment to the take-off of B2B in the developing countries is inadequate information and communication technology infrastructure besides shortcomings in physical infrastructure, logistics and trade facilitation
Giving a geographical outlook, the UNCTAD report said Asia and the pacific dominates in all these paremetres accounting 46 per cent of the digital subscriber lines worldwide and is adding 50 million new internet users each year.
Latin America8217;s progress on the e-commerce which is concentrated in Argentina, Chile, Brazil and Mexico is expected to continue while in Africa online commerce remains limited as connectivity is still an issue there.
