How Technology Creates Markets : Trends and Examples for Private Investors in Emerging Markets
Technological progress is often associated with the creation of novel and useful products through innovation and ingenuity. Yet in several emerging markets, including low-income economies, it is often more common to adopt, adapt, and scale technolo...
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| Language: | English |
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International Finance Corporation, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/610741532541411364/How-technology-creates-markets http://hdl.handle.net/10986/30196 |
| Summary: | Technological progress is often
associated with the creation of novel and useful products
through innovation and ingenuity. Yet in several emerging
markets, including low-income economies, it is often more
common to adopt, adapt, and scale technologies created
elsewhere.By doing so, private enterprises in these
countries could use technology to create markets and expand
their product and service offerings to unserved and
underserved residents, a process that produces new
customers, buyers, sellers, and employees. This transforms
the pursuit of profits into a driver of economic growth, as
well as higher productivity and living standards, and gives
technology a central role in emerging market development. |
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