A study on impact of E-Commerce on Emerging Markets

Turkish Journal of Computer and Mathematics Education Vol.12 No.01 (2021), 919 - 923
919
Research Article
A Study on Impact of E-Commerce on EmergingMarkets
Parveen Kumar Garg1, Rajinder Kapil2
1,2Guru Kashi University, Talwandi Sabo
ABSTRACT
In the future, e-commerce might have a significant impact on the economy. The world of business will never be the same again
because to the Internet. E-commerce will also have a major impact on banking in the 21st century. E-commerce has had a wide
range of effects on the global economy. All of the economic sectors have been affected, and e-commerce has had the greatest
impact on productivity growth worldwide. They are able to identify how many qualified people are needed to advance their
country's information economy or how much investment is required in order for businesses to have access to internet
connectivity. As a result of this, some nations are already reaping the benefits, and they're now ready to compete with their
worldwide counterparts in terms of productivity development and competitiveness. But the reasons for this aren't entirely clear.
Online payment systems will be required by banks and financial services firms in emerging nations in order to secure e-trade
financing and equity investment in the tourist sector, which is frequently recognised as one of the fastest expanding ecommerce
industries.
Keyword; e-commerce, emerging markets
I. INTRODUCTION
It's not simply gadgets and trade that make up e-commerce. As a result, it represents a fundamentally new approach
of conducting business via an existing medium. Consequently, strategy and business management are significantly
more important than technology. Using e-commerce and the internet to their full potential can help ensure that future
economic growth is sustainable. Economic efficiency, competitiveness, and profitability will all rise as a result of
the widespread adoption of electronic commerce throughout the world's economies and societies, which will
inevitably lead to the growth of an information society. Many people's lives can be improved by the use of new
digital technologies and services, such as e-commerce, which connects distant areas and brings together experts,
managers, and the general public in initiatives and programmes aimed at promoting economic and social growth.A
fundamental change of power from seller to buyer was at the heart of the Internet revolution. Customers' expectations
in today's economy are vastly different than they were in the past. The key to success will be a company's ability to
capitalise on this distinction and its awareness of this difference. By eliminating conventional barriers of time and
space and generating new virtual communities of consumers and suppliers with new demands for product and
service, the internet, the web, as well as upcoming computer technologies, have changed business. Only a small
portion of e-business is e-commerce. In the past, corporations had their own websites that featured their products
and services, but they soon began to utilise e-commerce as a distribution channel in addition to their current e-
commerce system. Business transactions involving electronic media, such as a computer network, are referred to as
"e-commerce." Electronic Data Interchange (EDI) is a technology that allows businesses to execute transactions via
electronic media (EDI). When it comes to E-commerce in the simplest terms, it's all about online sales of products
and services. Ordered products are often delivered via one of several shipping options. Every major bank today
conducts all of its transactions electronically, and computers are more than just a notion when it comes to automating
transactions. As e-commerce grows, so does its importance in ensuring that bank transactions aren't tampered with.
New concepts and technologies are only acceptable in a competitive and turbulent marketplace if they offer
substantial advantages to all parties involved. E-commerce has a number of benefits over traditional retail. There is

Turkish Journal of Computer and Mathematics Education Vol.12 No.01 (2021), 919 - 923
920
Research Article
more to the E-commerce than electronics and commerce together. As a result, it represents a fundamentally new
approach of conducting business via an existing medium. Consequently, strategy and business management are
significantly more important than technology. When it comes to global economics and social structures, there is no
doubt that e-commerce has a significant influence on global economies and social structures, and this will
undoubtedly lead to the establishment of an information society. By connecting remote regions and bringing together
scientists, administrators, development professionals, managers, and people into projects and programmes to
promote economic and social development, e-commerce and the new emerging digital technologies and services can
help millions of people around the world.There are several current communication tools that may be used to do
business via e-commerce such as the internet and the telephone. Even though e-commerce is still in its infancy, it
represents a new frontier in global business and trade.Emerging markets are those which have traits with developed
markets, but do not yet satisfy the standards set by developed markets in their entirety. In addition, this covers
markets that may or may not become established in the future. Smaller, riskier or illiquid financial markets in frontier
areas are referred to be emerging. Despite the fact that many people think the phrase is out of date, no one has come
up with a replacement, according to the economist. According to either nominal or PPP-adjusted GDP, the BRICS
countries are the world's nine greatest emerging and developing economies.Directing products and services from
producers to consumers has been defined as marketing. Marketing is the practise of doing business in this way.
Marketing isn't only something you do after the fact. Before the things are really made and even after they have been
sold, there are a number of actions that take place.
II. OBJECTIVES OF THE STUDY
• Understanding how e-commerce and developing markets are linked.
• To determine the emerging market's considerable influence on e-commerce.
• To find out how e-commerce might boost a country's economy.
• To evaluate the impact of e-commerce on an economy's growth.
III. RESEARCH METHODOLOGY
It is important to note that descriptive research studies focus on summarizing the features of a certain collection of
circumstances. Fact-finding enquiries and surveys are among the methods used to conduct descriptive research. In
this study, the primary goal is to describe the current state of affairs. The phrase "ex-post-facto research technique"
is commonly used to describe these kinds of studies since the researcher has no control over the variables and can
only report on what has happened or is happening in the current situation.
IV. HISTORY OF E-COMMERCE
During the previous century, the telephone was invented, and e-commerce was born. In the context of ecommerce,
EDI (Electronic Data Interchange) is usually considered to be the first step in the process of connecting businesses
and digitising their information. The 1960s saw a significant increase in the amount of money dedicated to the
advancement of electronic data interchange (EDI). It wasn't until the 1980s that it started to acquire traction. In the
last three decades, the concept of internet commerce has evolved significantly. Business to business (B2B) and
business to consumer (B2C) ecommerce are the two most common forms of ecommerce, respectively (B2C).
Businesses conduct business with their suppliers, distributors, and other partners using electronic networks in B2B.
B2C refers to business-to-consumer transactions. B2B e-commerce is the most lucrative kind of e-commerce, despite