Digital Transformation in Commerce: Solution to the Problem of Poverty
Keywords:
Digital Transformation, E-commerce, Commerce, PovertyAbstract
This review paper explores the potential of digital transformation in commerce to alleviate poverty by synthesizing existing research. It delineates the multifaceted nature of poverty, including its economic and social dimensions, and identifies the root causes such as economic inequality and limited access to resources. Through an extensive literature review, it analyzes how digital technologies can empower marginalized communities by fostering inclusive economic growth, expanding market access, and enhancing financial inclusion. The review also addresses challenges such as digital literacy, infrastructure, and regulatory barriers. By identifying success factors and potential pitfalls based on past research, it offers insights for policymakers and practitioners. Ultimately, it advocates for a holistic approach to leveraging digital transformation in commerce to combat poverty, emphasizing equity and sustainability. This review underscores the imperative of embracing technology-driven innovations to create more equitable and prosperous futures for all, based on the collective knowledge gleaned from past studies.
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