Digital Economy - Prospects For Developing Countries

Globally Networked businesses are prominent features of Globalization; the new era is redefining trade routes based on "digital integration" of trading partners. A map that is not based on traditional factor like physical proximity of the trading countries but one that is dependent on business process synchronization and digital integration of the trading partners. The paper discusses the transformations that are taking place in business model and its subsequent influence on employment and job nature. Particularly in context with increased usage of information and communication technology (ICT) across the globe. The primary objective is to comprehend the prospects of new job environment/opportunities that could be created in the developing countries by Globalization. The study suggests that new category of jobs potential does exist for developing countries in the era of digital economy. Benefits from ICT development and prospective jobs can be gained only if developing countries facilitate the pre-requisite of the digital economy such as the development of ICT skills, improved quality of services, and promotion of knowledge conducive environment in the economy.