Technological advancement in the world has seen most third world countries embrace modern ways of doing business. The use of internet has therefore penetrated almost every sphere of urban life in these countries, with a good percentage of people especially the youth, using the social networking sites to share ideas and communicate important messages on issues that affect their day-to-day lives. Most businesses in the third world countries are now using the internet to run their affairs.
This has been necessitated by the urge to remain competitive in the global market. The introduction of cheap web hosting services has therefore come at an opportune time. Cheap web hosting services have enabled the most businesses to have websites. This is a good development since even growing businesses with limited cash flow can afford to advertise their services in the web and reach their target audience globally. In this case, you will find that the rate of job creation in most third world countries will go up and are the peoples standards of living. Cheap web hosting services has seen the creation of many online businesses in the developing countries.
These businesses may be subsidiaries of companies that operate globally .In this case, there has been an extensive transfer of technology from developed countries to developing countries. Increase in the number of online businesses has led to the creation of both direct and indirect jobs. Most countries in the have very high unemployment rates and such new online businesses play an important role in fighting unemployment.
Since most third world countries are bedeviled with poor governance, most people are relying on social networking sites to fight the ills of the government of the day. Some courageous third world citizens have been able to have their own websites, where people are invited to share their views on various issues of importance, thanks to cheap web hosting service providers.