What are the importance of ICT in economic development?

Answer 1

E-commerce and community economic development: is also considered by a second paper presented by Prof. Thorstein. He argues that virtual commerce interacts with geographically bound communities, creating new opportunities for economic development. After an overview of e-commerce potentials and requirements, the paper proposes a business model for community development where e-commerce can serve information exchange (billboards), raise traffic through portals or value-added services (such as emails and Web Hosting), create communities of consumers, or facilitate the brokering of transactions and auctions, and serve as virtual currency (e-money).