E-Commerce/Technology Has leveled the Playing Field for Less Developed Companies.

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• E-Commerce/Technology Has leveled the Playing
  Field for Less Developed Companies.
• By
• Paulette Reeves

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• The very essence of our survival sits
  precariously on the pinnacle of technology
• Many connotations associated with the word
  technology - like e-commerce

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• E-Commerce/technology is as revolutionary as the
  downfall of the monarchy during the French
  Revolution.
• The French revolution brought about the emergence
  of a middle class in Europe
• E-commerce revolution is also directly
  responsible for elevating the standard of living
  for people in less developed countries.

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• Many of these people are slowly rising above the
  poverty level and words like technology,
  internet, e-commerce represent a light at the end
  of a tunnel
• That light offers hope, salvation and release
  from their impoverished world.
• It offers an escape, a promise that they too can
  live their own version of the American dream.

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• Before we can look at e-commerce abroad we must
  look at what it means to developed countries.
• Entrepreneurship in countries like America has
  always been encouraged.
• Policies have been put in place to pave the way
  for those with a dream to follow that dream.
• Brief look at Generation X-ers in America They
  have been directly responsible for driving up the
  standard of living and for embarking on more
  entrepreneurship opportunities than any other
  generation before them.

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• The technology revolution has in turn provided a
  way for everyone to be an entrepreneur in some
  kind of capacity
• We have a prime example right here in our
  classroom our own professor Kopec.

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• Anyone with a PC and a modem can bring about
  change whether it is positive change setting up
  websites that bash corporations who are abusing
  the environment and forcing them to become more
  environmentally friendly.
• negative change like funneling money to
  terrorists to give them the capability of
  enabling another terrorist attack.

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• The world has changed so much in the past 30
  years that it has forced all of us to re-evaluate
  how we are positioned, and how we fit into this
  revolution.
• We decide if we want to be participants or if we
  want to sit on the sidelines and hope for the
  best.

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• Those who sit on the sidelines are being driven
  backward, and are floundering in this new world.
• Constantly gaining more knowledge is the only way
  we can hope to survive during this revolution.

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• It is important that we address the issue of the
  impact of e-commerce on countries that were
  previously ignored.
• This new technological age has catapulted them
  into becoming major forces to be reckoned with in
  this globalization era.

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• Their participation is helping them to become
  shapers in this new world, and not just passive
  bystanders.
• Less developed countries have often been pawns
  for the developed countries.
• Developed countries have dominated them for
  years.

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• We use these countries for their cheap labor.
• This factor has not been pushed aside but with
  the advent of technology more and more companies
  in developed countries have started to utilize
  both the UNSKILLED labor force AND the SKILLED,
  educated labor force of less developed countries.
• Utilization of the educated masses is the major
  contributing factor.

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• Outsourcing has provided these countries with
  massive opportunities and has drastically helped
  to lower their unemployment rates.
• Foreign investors are lining up to invest in
  their countries and take advantage of their
  flourishing economies.
• These changes have all been made possible because
  of the massive technological advances.

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• In developed countries technology and e-commerce
  has ultimately created more efficient economies,.
• Companies have be forced to eliminate the waste
  of the 1980s.
• E-Commerce has created much more competition and
  this has forced companies to downsize in order
  to cut down on expenses and overhead and improve
  on efficiencies.

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• The companies who were slow to do this paid the
  price of incurring losses or seeing reduced
  profits.
• In order to cut costs countries started rapidly
  sending major parts of their business oversees
  business.
• This raised the economies of developed countries,
  but also resulted in a drastic reduction of white
  collar jobs.
• The exodus of IT jobs, and accounting jobs in the
  U. S is forcing many professional workers into
  unemployment.

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• E-Commerce is also creating a greater disparity
  in developed countries between the upper and
  middle class.
• U.S tends to have to have a winner takes all
  attitude.
• When compared to developed countries, it is
  widely believed that less developed countries can
  more adequately reap the benefits of technology.

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• There are some developing countries that have
  benefited more substantially than others.
• For example countries in East Asia have been more
  successful than countries in the Middle East,
  North Africa and Sub- Saharan Africa.

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• There are a number of reasons that can be
  attributed to the success of countries like China
  and India.
• One key aspect is that these countries have
  always turned out a highly educated populace.
• This is serving them well during this revolution.

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• The fact that the world is evolving into being
  more of knowledge-based society has provided
  great opportunities for many countries like China
  and India.
• They are now able to keep their educated workers
  close to home instead of having them seek work in
  America and Europe.
• Additionally, tougher immigration policies in
  the United States are beginning to limit the
  importation of knowledge to our shores.

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• E-Commerce has allowed these less developed
  countries to export their goods and services on a
  scale that would have been hard to envision just
  a few decades ago.
• Pressures on corporations to stream line and
  improve their bottom line have allowed both blue
  collar and white-collar jobs to be exported
  overseas, which is creating major concern in
  developed countries.

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• It is widely believed that as a country we are
  endangering our own economy.
• People in developed countries represent the
  biggest customer base for the products being
  produced elsewhere.
• Companies have to be careful on hard far they can
  push outsourcing before there is a backlash from
  consumers in developed countries.

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• There is still a lot of work to be done to bring
  these developing countries up to speed.
• It cannot be ignored that technology and
  e-commerce are the main factors that will be the
  saving grace for all impoverished countries

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• This new era is still in the beginning stages but
  it definitely provides advantages that have not
  been made available before to these countries .
• It gives them options, and hope.

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• Countries like Africa still have to make a lot of
  progress before they can play on this world
  stage.
• In many cases the telecommunications
  infrastructure is not in place.
• There are regions where there is no access to
  telephones and the ability to have different ways
  of paying for your goods and services (like the
  use of credit cards) is not yet available .

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• This provides major problems to the developing
  countries that want to advance.
• A lot of countries are realizing that they have a
  responsibility to educate their citizens and find
  ways for them to have access to the necessary
  technology.

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• E-Commerce will eventually let these people lift
  themselves out of severe poverty and become
  contributing members to society.
• They will eventually become major forces to be
  reckoned with in the future.