One of the things that developing countries, or third world countries, get criticised for isn’t their lack of resources or the lack of knowledge when it comes to creating an impeccable internet economy.
It’s because of the lack of commitment by their leaders to bridge the gap between “information rich” and “information poor” countries. There are plenty of developing nations that have rich resources and potential to create an extraordinary internet economy. Governments can provide a great opportunity for developing countries to leapfrog stages of economic development. Here are a few ways they can achieve this: Creating AwarenessCreating awareness about the importance of information technology can go a long way in creating a stable internet economy. Moreover, governments should also focus on educating the masses about using technology responsibly, its benefits, and how it can be utilised. It is necessary for the government to provide national guidelines on how information technology can be harnessed by developing countries to increase their technological capabilities towards e-development. Investing in Local Businesses While investing in multinationals is also necessary, investing in local and small IT businesses will help in the long run. Small businesses have been heavily impacted by COVID-19 and governments should maintain momentum to help them get back on their feet. In developing nations, small businesses are crucial for employment and GDP. Since businesses are now going digital due to the Pandemic, there’s no better time than to invest in the IT industry. Creating Guidelines for Local CompaniesCreating guidelines for small businesses can benefit both the government and the local businesses. Helping them understand government policies and educating them on laws that need to be followed can immensely improve in the IT sector. It will also help businesses create objectives and a strong foundation on which they can rely on. Transparency is the key to success and implementing policies to help create transparency can go a long way. Aisha Alisha is an experienced researcher with exceptional knowledge of planning and management. Her special interests lie in strategic management. Her book, “Strategy Planning in Developing Nations” provides authentic information on strategic planning to decision-makers from multiple backgrounds. It also discusses the concepts involved in great detail to help identify the errors in the existing plans and improve them.
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