How Technology Creates Markets
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International Finance Corporation, Washington, DC
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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.
Palabras clave
EMERGING MARKET ECONOMIES, TECHNOLOGY CHANGE, PRIVATE SECTOR DEVELOPMENT, INVESTMENT, ENERGY STORAGE, MOBILE PHONES, AGRICULTURE, COMMODITY EXCHANGE, ICT, SMALL AND MEDIUM ENTERPRISES, MICROFINANCE, BANKING, ACCESS TO FINANCE, FINANCIAL INCLUSION, FINANCIAL TECHNOLOGY, FINTECH, POVERTY, DIGITAL FINANCE, FINANCIAL SERVICES, CLIMATE SMART AGRICULTURE