How 50 countries stack up in terms of readiness for a digital economy
14 replies, posted
[t]https://hbr.org/resources/images/article_assets/2015/02/W150210_CHAKRAVORTI_COUNTRIESBUILDINGDIGITAL1.png[/t]
[QUOTE]Stand Out countries have shown high levels of digital development in the past and continue to remain on an upward trajectory.
Stall Out countries have achieved a high level of evolution in the past but are losing momentum and risk falling behind.
Break Out countries have the potential to develop strong digital economies. Though their overall score is still low, they are moving upward and are poised to become Stand Out countries in the future.
Watch Out countries face significant opportunities and challenges, with low scores on both current level and upward motion of their DEI. Some may be able to overcome limitations with clever innovations and stopgap measures, while others seem to be stuck.[/QUOTE]
[url]https://hbr.org/2015/02/where-the-digital-economy-is-moving-the-fastest[/url]
[QUOTE]These changing rhythms in digital commerce are more than a China, or even an Asia, story. Far from Silicon Valley, Shanghai, or Singapore, a German company, Rocket Internet, has been busy launching e-commerce start-ups across a wide range of emerging and frontier markets. Their stated mission: To become the world’s largest internet platform outside the U.S. and China. Many such “Rocket” companies are poised to become the Alibabas and Amazons for the rest of the world: Jumia, which operates in nine countries across Africa; Namshi in the Middle East; Lazada and Zalora in ASEAN; Jabong in India; and Kaymu in 33 markets across Africa, Asia, Europe, and the Middle East.
Private equity and venture capital money have been concentrating in certain markets in ways that mimic the electronic gold rush in Silicon Valley. During the summer of 2014 alone $3 billion poured into India’s e-commerce sector, where, in addition to local innovators like Flipkart and Snapdeal, there are nearly 200 digital commerce startups flush with private investment and venture capital funds. This is happening in a country where online vendors largely operate on a cash-on-delivery (COD) basis. Credit cards or PayPal are rarely used; according to the Reserve Bank of India, [B]90% of all monetary transactions in India are in cash[/B]. Even Amazon localized its approach in India to offer COD as a service. India and other [B]middle-income countries such as Indonesia and Colombia all have high cash dependence[/B]. But even where cash is still king, digital marketplaces are innovating at a remarkable pace. Nimble e-commerce players are simply working with and around the persistence of cash.
Watch Out countries like Indonesia, Russia, Nigeria, Egypt, and Kenya [B]have important things in common like institutional uncertainty and a low commitment to reform. They possess one or two outstanding qualities — predominantly demographics[/B] — that make them attractive to businesses and investors, but they expend a lot of energy innovating around institutional and infrastructural constraints. Unclogging these bottlenecks would let these countries direct their innovation resources to more productive uses.
What does the future hold? The next billion consumers to come online will be making their digital decisions on a mobile device – very different from the practices of the first billion that helped build many of the foundations of the current e-commerce industry. There will continue to be strong cross-border influences as the competitive field evolves: even if Europe slows, a European company, such as Rocket Internet, can grow by targeting the fast-growing markets in the emerging world; giants out of the emerging world, such as Alibaba, with their newfound resources and brand, will look for markets elsewhere; old stalwarts, such as Amazon and Google will seek growth in new markets and new product areas. Emerging economies will continue to evolve differently, as will their newly online consumers. Businesses will have to innovate by customizing their approaches to this multi-speed planet, and in working around institutional and infrastructural constraints, [B]particularly in markets that are home to the next billion online consumers.[/B]
We may be on a journey toward a digital planet — but we’re all traveling at different speeds.
[/QUOTE]
This may be an indicator of the new economic superpowers rising - Notice how the East shows a massive rate of growth.
The vast majority of purchases in Australia now are via NFC, so it seems strange where it's positioned on that chart.
[QUOTE=Brandy92;47206932]The vast majority of purchases in Australia now are via NFC, so it seems strange where it's positioned on that chart.[/QUOTE]
Considering we're one of the worst countries in the world when it comes to internet speed (even including a lot of developing countries) I'd say its not too surprising
Digital currency is one of the best ideas ever made for a modern society, but at the same time it's also easily manipulated by whoever can get any form of influence on it.
[editline]25th February 2015[/editline]
I know I might be dumbed for this, but that doesn't make it less true. A physical currency can more easily get into the hands of the wrong people (common criminals, petty thieves). A digital one is far more secure in countless of other aspects, but it can still be manipulated by people in power, and can therefore just as much get in the wrong hands. There is never a perfect choice.
trying to work out what half of those categories mean
"WATCH OUT"
lol wtf? what for? they're gonna be good? they're gonna be bad? just put "prepared" or "not prepared" and some stuff in between, what's with the weird as shit descriptors
[editline]25th February 2015[/editline]
oh yeh the axes oops
still, weird wording
From what I can tell Break Out shows the countries that are booming right now, growing at the fastest rate. Stand Out are the countries that are still growing but starting to slow. Stall Out is probably the worst place to be, it means the country's growth in that area has pretty well slowed to a near standstill or come to a dead stop. Watch Out seems to highlight countries that are picking up momentum and heading to a possible Break Out phase.
[QUOTE=archangel125;47207138]From what I can tell Break Out shows the countries that are booming right now, growing at the fastest rate. Stand Out are the countries that are still growing but starting to slow. Stall Out is probably the worst place to be, it means the country's growth in that area has pretty well slowed to a near standstill or come to a dead stop. Watch Out seems to highlight countries that are picking up momentum and heading to a possible Break Out phase.[/QUOTE]
Watch Out is for ones that can swing heavily either way. The quote in the OP does a pretty solid job explaining each one. For Watch Out, it just depends on how they adapt whether they'll thrive or do very badly.
The UK has been doing pretty well in terms of digital services which I am happy for.
Can confirm Finland is descending back into the stone age.
Though, we have a plan in place that says everyone should have access to 100Mbps broadband by the end of this year, can't wait to see that fail so hard because ISPs are lazy fucks.
[QUOTE=nikomo;47207409]Can confirm Finland is descending back into the stone age.
Though, we have a plan in place that says everyone should have access to 100Mbps broadband by the end of this year, can't wait to see that fail so hard because ISPs are lazy fucks.[/QUOTE]
See, at least our ISP's put a lot of effort into screwing us over. That's gotta count for something, right?
[QUOTE=nikomo;47207409]Can confirm Finland is descending back into the stone age.
Though, we have a plan in place that says everyone should have access to 100Mbps broadband by the end of this year, can't wait to see that fail so hard because ISPs are lazy fucks.[/QUOTE]
Not lazy, greedy.
[QUOTE=nikomo;47207409]Can confirm Finland is descending back into the stone age.
Though, we have a plan in place that says everyone should have access to 100Mbps broadband by the end of this year, can't wait to see that fail so hard because ISPs are lazy fucks.[/QUOTE]
I was thinking about this too but they just upgraded 2 of my friends from max. 8mbps copper wire to 100mbps optic fiber with a MASSIVE reduction in price. So something's happening.
But I agree it's going to fail because the ISPs won't bother with anything above Oulu. Maybe Rovaniemi but the rest is desolate, cold wilderness to them.
One of the main reasons we recovered so quickly from the crash was our digital sector, and partly because we refused to raise our corporate tax, which is why so many tech companies choose to locate here.
[QUOTE=SgtTupelo;47209933]I was thinking about this too but they just upgraded 2 of my friends from max. 8mbps copper wire to 100mbps optic fiber with a MASSIVE reduction in price. So something's happening.
But I agree it's going to fail because the ISPs won't bother with anything above Oulu. Maybe Rovaniemi but the rest is desolate, cold wilderness to them.[/QUOTE]
I thought it [I]was[/I] a desolate, cold wilderness there?
I guess I'll find out tomorrow.
Lapland here I come.
Sorry, you need to Log In to post a reply to this thread.