E-commerce, the revolutionary US$16 trillion industry

Selling spices is now possible on a mobile phone, but countries need to adjust to new distribution methods if they’re to take advantage of the virtual marketplace. Photo: UNCTAD

Online commerce is a relatively young industry and yet it is already worth more than US$ 16 trillion globally.

It could also be a major boost for least-developed countries, if handled correctly, UN experts believe.

Ahead of a week-long "E-commerce" meeting at the UN in Geneva, UNCTAD's Torbjorn Fredriksson spoke to Daniel Johnson about the major challenges facing countries who may have to revolutionise the way they do business if they are to reap the benefits.

Duration: 4’52″"

 

 

 

Filed under Today's Features.
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