2016
DOI: 10.1080/23311975.2016.1139441
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Conceptualizing the foundations of a regional e-commerce strategy: Open networks or closed regimes? The case of CARICOM

Abstract: Although there has been much to boast about in advanced countries regarding e-commerce as a viable business strategy, many doubt its application to developing countries. Several papers examine individual case studies from advanced developing countries but few have presented a systemic focus on the ecosystem of an e-commerce sector, and even fewer on small island developing states (SIDS) such as the Caribbean, and those often lack a comprehensive awareness of the sector, and/or are dated. The central aim of thi… Show more

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Cited by 12 publications
(4 citation statements)
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“…To emerging economies with a large micro, small, and medium enterprise-led informal sector, e-commerce, in particular, holds significant potential. The use of e-commerce provides opportunities for small-sized firms that have very limited capital base to reach customers in distant markets without the costs of establishment or the use of intermediaries (Broome 2016). There is some evidence of e-commerce enabling export diversification as well.…”
Section: Box 61: Decomposition Of Labor Productivity Growthmentioning
confidence: 99%
“…To emerging economies with a large micro, small, and medium enterprise-led informal sector, e-commerce, in particular, holds significant potential. The use of e-commerce provides opportunities for small-sized firms that have very limited capital base to reach customers in distant markets without the costs of establishment or the use of intermediaries (Broome 2016). There is some evidence of e-commerce enabling export diversification as well.…”
Section: Box 61: Decomposition Of Labor Productivity Growthmentioning
confidence: 99%
“…El acelerado crecimiento que presentan las actividades vinculadas al comercio electrónico a nivel mundial, está haciendo que la región cambie de manera notable los patrones tradicionales de comercialización, optando por alternativas basadas en mejoras tecnológicas, que brinden mayor visibilidad en mercados internacionales (Broome, 2016 Para Gómez (2018), la región de América Latina no ha explotado en su totalidad el comercio electrónico debido a que se encuentra en una etapa muy temprana de desarrollo, impidiendo así un potencial crecimiento.…”
Section: Comercio Electrónico En América Latinaunclassified
“…Electronic commerce is broadly defined as the production, marketing, sale, and/or delivery of goods and services via electronic means (OECD 1997). Given the small size of most Caribbean firms and their very limited capital base, the potential of e-commerce and the use of the electronic marketplace provides them with opportunities for reaching customers in distant markets without the costs of establishment or the use of intermediaries (Broome 2016). It also enables increased trade with traditional trade partners such as the US and Canada, where a large number of Caribbean migrants live and work; thus creating new opportunities particularly for entrepreneurs and new entrants.…”
Section: Box 22 Challenges To Development In Small Statesmentioning
confidence: 99%
“…Given the generally small size of Caribbean firms and limited capital base, there is significant potential for e-commerce to reach customers in distant markets, without requiring heavy investment in capital or the use of intermediaries (Broome 2016). However, leveraging e-commerce is constrained by the absence of a coherent regional regulatory framework, the high cost of infrastructure such as postal competence and port logistics, limited financial instruments, a lack of stakeholder buy-in and generally challenging business environments in the Caribbean.…”
Section: Digitalisation and Inclusion Of Commonwealth Small Statesmentioning
confidence: 99%