Developing Countries Must Join eCommerce Revolution or Be Left Behind – UN

Follow us on Social Media

Social sharing

More than 700 global leaders in business, government and civil society from 65 countries are meeting to explore the opportunities and challenges offered by eCommerce, with a special focus on developing countries.

The future of e-commerce could not be brighter. The UN Conference on Trade and Development or UNCTAD is kicking off “eCommerce Week” with new statistics, which show the global size of the market in 2015 reached $25 trillion.

UNCTAD Secretary-General, Mukhisa Kituyi urges developing countries to join the action and not be left behind in the eCommerce revolution.

“Those countries, populations and small enterprises, which have no presence on the digital platform are not only invisible, but they basically cannot grow, they cannot compete,” he said.

Kituyi says his own country of Kenya shows how the danger of being left behind by the digital phenomenon can inspire governments into taking political action.

He says four years ago, Kenya enacted a new law to provide every school child with a laptop. Since computers run on electricity, he says the government accelerated moves to make this service available throughout the country.

“In four years, more primary schools have received electricity in Kenya than in the preceding 55 years. So, the appetite for digital inclusion with sound policy can trigger investment in infrastructure for other purposes, which had been held back because of low political priority,” he said.

READ ALSO  Navigating the Naira's Journey: Predicting Volatility Against the US Dollar

eCommerce week will feature panel discussions on topical issues such as cybersecurity and cybercrime, digital trade, and youth employment in the digital economy.

Luminaries, including Jack Ma, founder and chairman of one of the largest global eCommerce businesses, the AliBaba Group, will address the high-level event to offer insight into the transformational power of eCommerce.

 

Source – VOA

Leave your comment on this post

THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN

WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.

Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi

The economic crisis and hardship in Nigeria are parts of the discussion.


Watch, leave your comments, and share to create more awareness on this issue.


#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com

Leave your comment

Click on the link below or Scan the QR Code to join the 9News Nigeria WhatsApp Channel

9News Nigeria Investigative Reports WhatsApp Channel
9News Nigeria Investigative Reports WhatsApp Channel

Be the first to comment

Leave a Reply