Abstract:

This paper is intended to investigate the dynamic of deploying E-commerce technology in developing countries in order to accelerate the realisation of world economies. The more rapidly the technology is able to be adopted and put to work in an economy, the more rapid will be the pace of economic growth. Technology was always a main driver for economic development. Many researchers believe the larger the gap between technology, productivity and per head income, the greater is the scope for a poor country to catch up and progress through the stages of domestic technological development. Admittedly, the two main crucial driving forces behind the new economy are the Internet and E-commerce. On the other hand, not all countries are able to catch up and gain the real benefits to their economy; Ecommerce may not always be a good tool to a developing economy because it presents too great a competitive threat to local economic development. Authors put forward a case study set within Libya of such a situation that takes also account of, and responds to extant literature relating to economic development theory and E-commerce theory and practice literature.