United
Nations Conference on Trade & Development (UNCTAD) has grew the electronic
commerce market globally estimated at $2 trillion in 2015, reports ITRealms.
The
UNCTAD's 2017
Information Economy Report, ITRealms
reports placed the value of global e-commerce increased to an estimated $25
trillion in 2015, up from $16 trillion in 2013.
The
report stresses that the world is on the cusp of a 'new' digital economy, which
will have transformational impacts on the world economy, creating both
opportunities and development challenges
UNCTAD
also said that its eCommerce Week 2018 will place particular emphasis on the
role of digital platforms, a key feature of the evolving digital economy.
Digital
platforms - often accessed through mobile apps - bring together and aggregate
demand and supply in ways that were not possible before (being faster, cheaper
and more easily coordinated), including in geographical areas/service sectors
traditionally neglected.
Digital
platforms present new opportunities for international trade and efficient
economic activities, including for small businesses. However, the extent to
which people and enterprises engage and benefit from such platforms varies
considerably. There are indeed concerns that they will disrupt economies, with
potential negative consequences for employment and working conditions.
ITRealms reports
that the fourth E-Commerce Week, with the theme "Development dimensions of
digital platforms", will offer a venue for different stakeholders to
discuss key challenges and opportunities arising from such platforms, and put
forth concrete actions to harness maximum benefits for developing countries.
Nonye Dom/GEE
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