In the age of digital disruption and connectivity, developing economies need to innovate and create change at the same speed and scale of worldwide technological progress. However, political instability, economic uncertainty, poor infrastructure, and governance conditions limit the degree of expansion and innovation that those markets can bring to the economy.
Developing markets are usually disconnected and unregulated, which limits their opportunity to bridge market gaps and balance demand and supply. The fragile connection between small-to-medium enterprises often results in lost business opportunities, higher production costs, and limited scalability. Their insufficient knowledge and skills in business development, accompanied by limited access to technology and finance, pose real obstacles to industrial upgrading and innovation.
