E-Commerce Contribution to Economic Growth

2011 ◽  
pp. 140-154
Author(s):  
Ing-wei Huang ◽  
Songsak Vanichviroon
Keyword(s):  
Economic Growth ◽  
21St Century ◽  
Growth And Development ◽  
Developing Economies ◽  
Past Research ◽  
Developed Countries ◽  
Economic Growth And Development ◽  
Research Findings ◽  
Ict Development

As the trend of ICT development is gaining larger influence over countries’ development and growth, e-commerce plays an important role in enhancing the growth of several developed and developing economies over the 21st century. This paper aims to build the analytical base to support the importance of the development of e-commerce. This is by investigating the role and contribution of e-commerce to economic growth and development. The paper first investigates past contribution of e-commerce to economic growth in developed countries. Second, past research findings and framework are utilized to investigate the contribution of e-commerce towards economic growth focusing on the case of e-commerce in Thailand. The study found that e-commerce plays an important role in enhancing economic growth of Thailand. Two important findings had supported the growth of e-commerce. First is the increase in sales generated by the use of e-commerce. Second, e-commerce induces productivity development of firms through higher competition and innovation.

scholarly journals MSMEs as Engine of Economic Growth in Nigeria: Challenges and Prospects of Scalability

2018 ◽  
Vol 2 (1) ◽  
pp. 1-10
Author(s):  
Emmanuel Okokondem Okon
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Developing Economies ◽  
Small And Medium Enterprises ◽  
Business Environment ◽  
Technological Systems ◽  
Economic Growth And Development ◽  
Area Of Concern ◽  
Medium Enterprises ◽  
A Company

Growing or expanding the Micro, Small and Medium Enterprises (MSMEs) sector of the economy is one key strategy to achieve economic growth and development. Micro, Small and Medium Enterprises (MSMEs) scalability (growth or expansion) have become an area of concern for economic growth in developing economies. People use the term in reference to computer or other technological systems, but those in business also use the word to describe the adaptability of a company (Thibodeaux, 2015) in today‘s fast-paced business environment where the focus on customer satisfaction is at an all-time high. This article discusses the concept of scalability as it relates to business and non-scalable components of business process as well as the importance of being scalable. It also looked at some of the challenges and practices that prevent effective scalability of MSMEs in Nigeria and the way forward.

scholarly journals Perceptions of Employees in the Effects of Decision-Making and Leadership Styles on Relationships and Perceived Effectiveness in King Saud University Development Context

2016 ◽  
Vol 10 (1) ◽  
pp. 197 ◽  
Author(s):  
Nouf Bin Jomah
Keyword(s):  
Economic Growth ◽  
Decision Making ◽  
Leadership Styles ◽  
Growth And Development ◽  
Perceived Effectiveness ◽  
King Saud University ◽  
Economic Growth And Development ◽  
University Development ◽  
Development Context ◽  
Research Findings

Leadership is crucial in all facets of humanity as it enhances personal, organisational, and national socio-economic growth and development. By portraying a great vision, a leader acknowledges their followers’ efforts to maximise performance within the organisation. Leaders inspire their followers to achieve beyond their expectations by providing guidance to their followers, nurturing an environment of trust, and encouraging their followers to rise above their self-interests for the sake of the organisation. This study examines leadership, decision making, and, in particular, the effects of the perceptions of employees on decision-making and leadership styles on relationships and perceived effectiveness in the context of development at King Saud University. The study takes a quantitative approach to analysing the research findings and gives conclusions and recommendations for future study, based on the presented arguments.

scholarly journals MODERN TECHNOLOGIES AS A DETERMINANT OF SUSTAINABLE ECONOMIC GROWTH AND DEVELOPMENT OF SMALL OPEN ECONOMIES

2021 ◽  
Vol 19 (34) ◽  
Author(s):  
Radomir Božić
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Industry 4.0 ◽  
Business Processes ◽  
Open Economies ◽  
Developed Countries ◽  
Small Open Economies ◽  
Negative Consequences ◽  
Western Balkans ◽  
Economic Growth And Development

The modern age is characterized by strong development and application of information and communication tech- nologies (ICT) and Industry 4.0, which determine sig- nificant changes in the economy and society as a whole, and especially affect production and business processes, economic growth and development, productivity, busi- ness models, required qualifications and workers’ skills, the education system, as well as people’s daily lives. Thanks to that, developed countries are already achiev- ing significant effects in terms of efficiency, productiv- ity, flexibility, gross domestic product (GDP) and living standards growth, and there are opportunities for small open economies to create their own approaches to accel- erate growth and convergence with developed countries. Otherwise, the negative consequences known as digital sharing are also possible. The aim of this paper is to present, based on relevant lit- erature and experiences of individual countries, the po- tentials, challenges and possible responses of economic and business policy makers aimed at the application of ICT and Industry 4.0 in small open economies, such as the Western Balkans. The paper is structured as follows: Introductory remarks - elaboration of the theoretical basis, characteristics and implications of ICT and Industry 4.0 on the economy and society as a whole; Methodology - review of rel- evant current literature; Results - presentation of basic potentials, challenges and possible responses of small open economies in the function of accelerating econom- ic growth; and Discussion - concluding remarks and rec- ommendations for possible responses.

scholarly journals Foreign Aid in Nepal: Importance, Trends and Government Initiatives

2017 ◽  
Vol 40 (1-4) ◽  
pp. 44-52
Author(s):  
Sukanta Sarkar
Keyword(s):  
Economic Growth ◽  
Foreign Aid ◽  
Growth And Development ◽  
Poverty Reduction ◽  
Developed Countries ◽  
The United States ◽  
Sustainable Growth ◽  
Economic Growth And Development ◽  
Sustainable Economic Growth ◽  
The International Monetary Fund

Economic growth and development are in the forefront of international relations and policy making. Developed countries such as the United States and international organizations such as the World Bank and the International Monetary Fund provide assistance that attempts to help the economic growth of developing countries. Foreign aid has been recognized as the most crucial factor in enhancing economic development in many countries. Foreign aid is crucial factor to achieve higher and sustainable economic growth and development of Nepal. However, aid must be linked with sustainable growth and poverty reduction. The objectives of the paper are to study the importance, trends and government initiatives of foreign aids in Nepal.

scholarly journals Community Development and Local Social Capital

2010 ◽  
Vol 42 (1) ◽  
pp. 143-159 ◽  
Author(s):  
Jeffrey L. Jordan ◽  
Bulent Anil ◽  
Abdul Munasib
Keyword(s):  
Economic Growth ◽  
Social Capital ◽  
Community Development ◽  
Human Development Index ◽  
Growth And Development ◽  
Local Economic Development ◽  
The State ◽  
Measurement Tool ◽  
Economic Growth And Development ◽  
Geographical Clusters

While a substantial amount of research has been devoted to showing what social capital does, research explaining social capital itself lags behind. The literature has a long tradition of examining the effect of social capital on local economic growth and development. In this paper we examine whether local economic development can explain the variation in social capital across various geographical clusters in the state of Georgia. We begin by devising a measurement tool, a Human Development Index (HDI), to measure community development. Our social capital measure includes associational memberships, voluntary activities, and philanthropy obtained from the Georgia Social Capital Survey. The findings show that even after accounting for various demographic and economic characteristics, the HDI explains the variation in a number of social capital levels (especially those measured by associational involvement) across various geographical clusters in the state of Georgia.

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