Preparing for Electronic Commerce in Asia

Preparing for Electronic Commerce in Asia

Preparing for Electronic Commerce in Asia

Preparing for Electronic Commerce in Asia

Synopsis

Just as the crash of 1929 did not presage the downfall of the United States, neither will the economic crisis of 1997 mean the end of the rise of Asia and the Pacific Rim. Leading them out of a temporary setback, says Bullis, will be the new high-tech sectors of their economies: information services, communication technology, and electronic delivery systems such as e-commerce and e-business. His book is thus a non-technical look at the state of information technology (IT) and how people in the emerging Asia marketplace are thinking about it, especially in places like Singapore and Malaysia, the only two countries in the region pursuing the sorts of large-scale information infrastructure projects that will eventually determine the region's long term commerce in IT. Not a state of the technology book but a "state of the mindset book," it offers businesspeople worldwide an important understanding of this vast and burgeoning market for their products and services, insights that will help decision makers recognize the big mistakes they can make before they make them. An important and fascinating study for executives in all industries that hope to do business in the still vital Asian market.

Excerpt

The 1997 Asian economic crisis sprang from poor practices in the financial and real estate sectors of several countries' economies, exacerbated by poor oversight at the government and corporate directorship levels.

The bad news from these countries tended to obscure the fact that several other aspects of their economies were doing rather well, all things considered. Manufacturing practices, trade efficiency, and investment in technology were healthy production engines for economies whose banking and finance sectors left much to be desired.

In particular, information technology and its spin-off applications of electronic commerce and electronic business were just beginning to show considerable promise for Asian business efficiency, as they have elsewhere. These advances are not likely to go away simply because of a monetary crisis. Certain companies and governments will invest in their future, using information technology as their fulcrum.

This book addresses what businesses can expect from the Asian marketplace for information technology and electronic commerce in the next five to seven years. Look at Western economies today and it seems hard to remember that disastrous October of 1929--or for that matter, the one in 1982. Some Asians feel that by the time a regional information infrastructure is in place around 2005, people will be saying the same about 1997. Recall that a number of countries were doing things right (Singapore, Hong Kong, the Philippines, and Taiwan) and one major player began to get it right just in time (China). These are the countries likely to lead Asia out of its identity slump.

Most economists now feel that region will undergo three to five years of recession, tapering off between 2001 and 2003, led by some lighthouses in the storm. Then what?

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