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How Technology Creates Markets : Trends and Examples for Private Investors in Emerging Markets.

World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online

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Format:
Book
Government document
Author/Creator:
International Finance Corporation.
Contributor:
International Finance Corporation.
Series:
Other papers.
World Bank e-Library.
Other papers
Language:
English
Subjects (All):
Access to Finance.
Agriculture.
Climate Change and Agriculture.
Financial Services.
Ict Economics.
Information and Communication Technologies.
Macroeconomics and Economic Growth.
Poverty.
Private Sector Development.
Private Sector Economics.
Science and Technology Development.
Small and Medium Size Enterprises.
Technology Innovation.
Local Subjects:
Access to Finance.
Agriculture.
Climate Change and Agriculture.
Financial Services.
Ict Economics.
Information and Communication Technologies.
Macroeconomics and Economic Growth.
Poverty.
Private Sector Development.
Private Sector Economics.
Science and Technology Development.
Small and Medium Size Enterprises.
Technology Innovation.
Other Title:
How Technology Creates Markets
Place of Publication:
Washington, D.C. : The World Bank, 2018.
System Details:
data file
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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