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Electronic Commerce Prospects in Emerging Economies: Lessons from Egypt
Abstract
The information and communication technology (ICT) evolution is aggressively affecting many nations around the world, forcing changes and transformations to business and socioeconomic development plans, reflecting major implications on different economies and contributing to the notions of globalization and the evolution of the global digital economy irrespective of time and distance barriers. ICT is driving the radical transformation and change for individuals, organizations and societies from the marketplace to the cyberspace helping the realization of the digital economy, outsourcing and global outreach. In a fast changing global environment, speed, competition and catering for various diversified cultural elements become key factors for development and growth in the reengineered business environment where electronic commerce (E-commerce) applications promise to grow in volume helping the digital economy to mature and dominate. Egypt, as a developing nation with an economy in transition, started to invest in building its ICT infrastructure since 1985 as a vital tool for development and leading to availing opportunities for E-commerce to grow. This article describes the emergence of E-commerce in Egypt since the mid 1990s and its implications in the marketplace including the challenges faced relating to social, technological, financial, cultural and legal issues and the efforts exerted by different stakeholders including the government, the private sector and the civil society to diffuse E-commerce in Egypt.
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