The emergence and development of the internet has enforced a radical change in the ways people communicate, socialize, educate, make money, and satisfy their needs and desires. Having eliminated the spatial boundaries, the internet has enabled smooth and convenient interactions between individuals, groups, and organizations. The internet has offered businesses and industries across the globe an excellent opportunity for cooperation and growth. Multiple studies have proved the efficiency of the internet to improve and expand individual knowledge and skills. Along with the educational field, organizations have recognized the value of the internet in talent retention and continuing staff development, as high quality professionals are a vital determinant of the organizational productive and competitive advantage in the market. Moreover, the internet is an alternative channel of information and knowledge sharing, which streamlines cooperation within organizations and between businesses.
Given evidence cited above, the internet has changed the information management system entirely. In the developed states, most organizations have already appreciated the possibility of creating user-friendly environments and convenient communication systems that enable and facilitate information exchange and knowledge generation. Successful experiences of high-income states have inspired governments of developing states to utilize possibilities offered by the internet for boosting their economic and social development. However, while large-scale companies and corporations have already updated and upgraded their communication systems through the means of the internet, small businesses and entrepreneurs are still awaiting their technological revolution (Abendschön, 2013).
The key reason for the situation is the prevailing government monopolization of the internet provision. Moreover, most developing states provide the internet as a community-based resource rather than an individual service, which results in a huge difference in the internet use between different state users (Johnson and Turner, 2010). Family business, entrepreneurs, and small-scale businesses lack access to and availability of internet resources to promote and develop their business to local, regional, and international markets. Another reason for under-utilization of the internet in lower-income countries is the absence or inadequate infrastructures, construction and modernization of which require investment. Besides, leaders of the least developed countries may under-evaluate the potential of the internet to bring social and economic benefits to the country. Instead, they prioritize management of more acute issues, such as poverty, food, vaccinations, and electricity.
Although the internet market of developing states lacks the level of development and exploitation practiced in the developed countries, its potential for enforcing development and economic growth allow conducting the service expansion in the future. The recent large-scale study conveyed by Pew Research Center (2015) investigated and assessed the impact of the internet on developing and emerging states. The majority of the studied nations indicated a positive effect of the internet on education and qualification development. Developing countries of Africa, Asia, Latin America, Middle East, and southern Europe appreciated the role of the internet in the educational sector. Moreover, most states reported a positive impact produced on economic development.
The internet unites businesses, organizations, and consumers from different parts of the world to share their experiences, attitudes, and ideas. Besides, various internet-based platform allow businesses to present and market their products and services updating the consumers’ awareness of the assortment. The internet is an efficient solution for the product customization when targeting specific markets. The internet is not a perfect property and has its shortages as well. For most developing and emerging states, the internet present a serious threat to personal relationships, morality, and politics. However, unprecedented social and economic benefits offered by the internet outweigh its detrimental effects that may be further resolved by reformed political systems and social structures.
Abendschön, S., 2013. Growing into politics: Contexts and timing of political socialization. Colchester: ECPR Press.
Johnson, D. and Turner, C., 2010. International business: Themes and issues in the modern global economy. New York, NY: Routledge.
Pew Research Center, 2015. Influence of the internet in emerging and developing nations. Pew Research center: Global Attitudes and Trends, [online] Available at: http://www.pewglobal.org/2015/03/19/3-influence-of-internet-in-emerging-and-developing-nations/ [Accessed 2 June 2017].