Description
News articles and professional papers: The objective of article discussions is to develop the ability to analyze current issues in International Management, as well as, to keep abreast of the recent socio-economic developments and link them to the class material. You can conduct research using PROQUEST or EBSCO or Galileo. Research peer reviewed articles on international management.
In 2014, Mark Zuckerberg launched Internet.org, a massive endeavor to connect everyone in the world to the web. By his calculations, nearly two-thirds of the global population—4.9 billion people—are not connected. Most people, it turns out, do have Internet access available to them, even if it’s crappy. But they can’t afford to pay for it or don’t know why they’d want to. (If you’re feeding a family on $1,570 a year, as average Indian earners do, the web might not seem like a priority.) Roughly 10 to 15 percent of the unconnected live in hard-to-reach places and don’t have access at all.
This case study will help us understand:
1. The significance of a Connected World.
2. Facebook Internet.org Initiative
3. Motives behind serving the BOP segment.
Respond to the following questions:
1. Give a brief outline of Facebook's Internet.org Initiative and share your views. How does the Internet enable economic growth?
2. Discuss the impact of Internet.org in emerging economies of the world.
3. Research The Economic Pyramid of the World. Was the Internet.org initiative about serving the bottom of the pyramid or was it more about Facebook trying to extend its reach. Analyze and raise significant criticisms of the initiative.
I. Use your three countries and go to the Website www.reuters.com (click investing, and then currencies) to find out how much of that country’s currency you would receive if exchanging $20. Find out the cost of some basic items such as the cost of a combo meal at McDonald’s, a movie ticket, and a Coca-Cola. How far does the money go there in each of your countries?
II. The U.S. State Department issues travel warnings when it decides, based on all relevant information, to recommend that Americans avoid travel to a certain country. Identify the travel warnings and compare with current country risk ratings. Warning and other travel information can be found on the Web at: http://travel.state.gov/.
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Facebook Internet.org
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Facebook Internet.org
Give a brief outline of Facebook's Internet.org Initiative and share your views. How does
the Internet enable economic growth?
Facebook internet.org is a connection that was created by Facebook with the aim of
reaching users who are located in countries where the is not readily accessible or where its
connectivity is quite low (Elgan, 2017). Although this was the primary objective, other benefits
resulted from it such as the increase in the number of users due to their expansion. Facebook
does not solely own the innovation, but it involves other companies such as Nokia, Samsung,
Qualcomm, Opera software, Ericsson, as well as Media Tex. Together, they have worked to
ensure that internet services are made not only available but also affordable to the developing
countries. They achieve this through the improvement of efficiency and enhancement of the
growth of the emerging trade models which are highly dependent on internet services. As such,
they have been able to develop applications such as Free Basics which have helped to increase
the number of people using internet.org.
The internet enhances economic growth through several ways. That is because the
internet helps not only large enterprises and national economies to gain benefits from the
technological revolution but also assists individual consumers and upcoming entrepreneurs to
benefit from its empowering influence (Kind, Greysen, & Chretien, 2014). For instance, the
internet influences the way we work, create and share information, as well as enhance the
movement of people, ideas, and other tangible things. As such, firms have been able to realize a
substantiate growth in their market through content sharing. Also, payment platforms have been
able to enhance enabling capabilities as they can get a variety of products from different areas.
Further, the development of a healthy internet ecosystem has helped to boost infrastructure and
access through the building of a constructive environment that contributes to benefit users as
well as fostering the nurturing of human capital and enabling innovators and entrepreneurs to
thrive.
A report by IFC showed that a 10 percent increase in high-speed internet increased
economic growth by 3 percent (Elgan, 2017). That is because the access to the affordable highspeed internet and mobile communications are very crucial in the growth of economy and
creation of jobs in developing countries. For instance, mobiles are one of the most influential
ways of reaching and delivering both public and private services to most individuals situated in
remote and rural areas of the third world countries. Also, industries involved in information
technology service create jobs for many people especially the youths and thus helps to solve the
problem of unemployment facing many developing countries. Furthermore, the modern,
technology-enabled governments are more efficient, transparent, and responsive. As such, they
can fight vices such as corruption and other malpractices in government organizations that might
deter economic growth.
Also, the internet has not only aided the growth of business ideas but have also facilitated
the sharing of such information. For instance, people share their knowledge on social media sites
such as Facebook from where other people come in touch with such details and many benefits
from it. Further, the internet has helped to increase the productivity of most firms as it increases
the rate at which different activities are done. For example, the filling of purchase forms, as well
as delivery forms, can be done online which helps to speed the delivery of products and services.
Both the sharing of ideas and increase in production helps to expand the market which
consequently leads to economic growth.
Discuss the impact of Internet.org in emerging economies of the world
At a time of slowed growth and continued volatility, most countries, especially those of
emerging economies, are seeking for ways of stimulating growth and creating new jobs (Kind,
Greysen, & Chretien, 2014). One of the industries that are helping them to accomplish this
purpose is the Information Communication Technology (ICT) since it is a very significant factor
in enabling innovation and development. The accomplishment of such use in developing
countries has been made possible by internet.org. That is because the number of mobile
subscriptions has approached global population figures, approximately 6.8 billion, whereby 40%
of the people in the world are already online. That has led to the economic growth as discussed
below.
One of them is that internet.org has led to significant improvement in the education
sector. For instance, most children have benefited extensively fr...
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