The use of ICT and ecommerce have progressed rapidly as a result of the internet’s expansion. However, in many developing countries, high internet usage costs, low technological base, low GDP per capita, low education level, and lack of suitable legal and financial frameworks are crucial impediments to internet’s growth.
eCommerce, or electronic commerce is the exchange of services and goods through the internet or other computer networks. In this process, traders reach one another through personal computers that have internet access. eCommerce provides sellers and buyers convenience in various ways. Purchasers can make online business transactions seven days a week, 24 hours a day, allowing them to compare prices and paying for the products anytime they want. For the sellers, ecommerce delivers an approach to lessen the costs, and further expand markets.
Are you looking for the best ecommerce solutions in Malaysia? Well, before taking any major step with regards to your ecommerce project, you need to do in-depth research first.
Trading online gives sellers the chance to market their services and products on a global scale, without any kind of physical barriers.
Below are some of the recommendations that can serve as policy guidelines for OIC countries.
1.Strengthen national institutions which are operating in ICT areas. This can improve and build up all their capabilities and capacities to facilitate the development of the national technology and science base with enhanced research and development roles.
2.Create appropriate administrative, financial and legal frameworks in order to strengthen private and public national establishments and institutions. This would improve the overall creative environment.
3.Secure and ensure appropriate financial resources for the investment in ICT-related infrastructures in order to build new facilities and capabilities in the field.
4.Give high priority to technology and science, specifically the use of ICT, in creating national programs and plans.
5.Ensure the implementation and adoption of relevant procedures and principles for ICT use, specifically ecommerce activities.