The Interaction of Collaborative Economy with Global Economic Systems (New Economy, New World, New Problems)
Corresponding Author(s) : Dr. Mona Abdel Monsef Elkaffas
Journal of Law and Emerging Technologies,
Vol. 3 No. 2 (2023)
Abstract
This research paper explores the interactions between the collaborative economy and developing countries, focusing on the impact of digital transformation. Using a mixed-methods approach, the study examines the current state of the collaborative economy in developing countries, the factors that have contributed to its growth and the challenges it faces.
It highlights the digital transformation's significant role in developing the collaborative economy in developing countries. Digital platforms have enabled more efficient matching of supply and demand, reduced transaction costs, and improved access to capital and information. The paper also examines the impact of digital transformation on traditional industries and the regulatory landscape in developing countries.
The research finds that the collaborative economy has the potential to make a significant positive impact on the economies of developing countries by creating new opportunities for entrepreneurship and employment, promoting innovation, and reducing inequality. However, the study also highlights the challenges the collaborative economy faces in developing countries, including limited access to digital infrastructure, lack of trust and regulatory uncertainty, and the risk of exacerbating existing social and economic disparities.
The paper concludes by recommending strategies for policymakers, entrepreneurs, and other stakeholders to leverage the collaborative economy's potential for sustainable development. These include investments in digital infrastructure, fostering trust and collaboration between different actors in the collaborative economy ecosystem, and developing inclusive regulatory frameworks that balance innovation with consumer protection and social equity.
Overall, the research contributes to understanding the interactions between the collaborative economy and developing countries and highlights the critical role of digital transformation in shaping the future of this sector.
Keywords
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- Bardhi, F., & Eckhardt, G. M. (2012). Access-based consumption: The case of car sharing. Journal of Consumer Research, 39(4), 881-898. DOI: https://doi.org/10.1086/666376
- Belk, R. (2014). You are what you can access: sharing and collaborative consumption online. Journal of Business Research, 67(8), 1595–1600. DOI: https://doi.org/10.1016/j.jbusres.2013.10.001
- Boar, A., Bastida, R., & Marimon, F. (2020, August 20). A systematic literature review. Relationships between the sharing economy, sustainability, and Sustainable Development Goals. MDPI. Https://www.mdpi.com/2071-1050/12/17/6744 DOI: https://doi.org/10.3390/su12176744
- Botsman, R. (2013). The sharing economy needs a shared definition—Fast Company.
- Botsman, R., & Rogers, R. (2010). What is mine is yours: The rise of collaborative consumption. Harperbusiness.
- Chen, Y. & Prentice, C. & Weaven, S. & Hsiao, A. (2021). A systematic literature review of A.I. in the sharing economy. Journal of Global Scholars of Marketing Science. DOI: https://doi.org/10.1080/21639159.2020.1808850
- Evans, D. S., & Schmalensee, R. (2016). The economics of platforms: A theory guide for competition policy. MIT Press.
- Friedman, J., & Nissenbaum, H. (2011). The impact of technology on society: A documentation of current research. Santa Clara University Center for Science, Technology, and Society.
- Gansky, L. (2010). The Mesh: Why the future of business is sharing. Portfolio.
- Goodman, D. & Goodman, M. (2009). Alternative Food Networks.
- Hamari, J., Sjöklint, M., & Ukkonen, A. (2016). The sharing economy: Why people participate in collaborative consumption. Journal of the Association for Information Science and Technology, 67(9), 2047-2059. DOI: https://doi.org/10.1002/asi.23552
- Harris, S. (2022, March 24). Council Post: Collaborative Intelligence: The New Economy. Forbes. Https://www.forbes.com/sites/forbestechcouncil/2022/03/24/collaborative-intelligence-the-new-economy/
- Klimczuk, Andrzej & Cesnuityte, Vida & Avram, Gabriela & Miguel, Cristina & Lukasiewicz, Agnieszka & Kruja, Alba & Nadolska, Aleksandra & Bernát, Anikó & Farmaki, Anna & Balázs, Bálint & Koczetkow, Blazej & Simonovits, Bori & Bassetti, Chiara & Hysa, Eglantina & Martos-Carrión, Esther & Priora, Giulia & Cahier, Jean-Pierre & Dumancic, Kosjenka & Höfner, Malte & Sanna, Venere. (2022). The Sharing Economy in Europe: Developments, Practices, and Contradictions.
- Lewkowicz, M., Cahier, JP. (2022). The Sharing Economy in France: A Favourable Ecosystem for Alternative Platforms Models. In: Česnuitytė, V., Klimczuk, A., Miguel, C., Avram, G. (eds) The Sharing Economy in Europe. Palgrave Macmillan, DOI: https://doi.org/10.1007/978-3-030-86897-0_12
- Light, Sarah E., The Role of the Federal Government in Regulating the Sharing Economy (October 3, 2017). In: Cambridge Handbook on the Law of the Sharing Economy (Nestor et al., eds., Cambridge Univ. Press) (2018, Forthcoming), Available at SSRN: https://ssrn.com/abstract=3047322
- Möhlmann, M. (2015). Collaborative consumption: Determinants of satisfaction and the likelihood of reusing a sharing economy option. Journal of Consumer Behaviour, 14(3), 193–207. DOI: https://doi.org/10.1002/cb.1512
- Moulaert, F., maccallum, D., Mehmood, A., & Hamdouch, A. (2013). International Handbook on social innovation: Collective Action, social learning, and transdisciplinary research (Vol. 3). Edward Elgar Publishing. DOI: https://doi.org/10.4337/9781849809993
- Parker, G. G., Van Alstyne, M. W., & Choudary, S. P. (2016). Platform revolution: How networked markets are transforming the economy and how to make them work for you. WW Norton & Company.
- Petropoulos, G. (2017, November). Collaborative Economy: Market Design and Basic Regulatory Principles. Intereconomics, 52(6), 340–345. DOI: https://doi.org/10.1007/s10272-017-0701-8
- Plotnikov, V. & Anisimova, Y.. (2023). The Sharing Economy: Concept, Features, Development Prospects. Administrative Consulting. 42-50. 10.22394/1726-1139-2023-1-42-51. DOI: https://doi.org/10.22394/1726-1139-2023-1-42-51
- Schneider, A., & Krieger, J. (2016). When the sharing economy becomes neoliberalism on steroids: Unravelling the controversies. Journal of Peer Production, (9).
- Schor, J. B. (2014). Debating the sharing economy. Journal of Self-Governance and Management Economics, 2(3), 7–22.
- Sidorenko, E.. (2021). Sharing Economy and Legal Barriers to Its Development. 10.1007/978-3-030-47458-4_56. DOI: https://doi.org/10.1007/978-3-030-47458-4_56
- Sundararajan, A. (2016). The sharing economy: The end of employment and the rise of crowd-based Capitalism. MIT Press.
- Yaraghi, N., & Ravi, S. (2017). The Current and Future State of the Sharing Economy. SSRN Electronic Journal. Https://doi.org/10.2139/ssrn.3041207 DOI: https://doi.org/10.2139/ssrn.3041207
References
Bardhi, F., & Eckhardt, G. M. (2012). Access-based consumption: The case of car sharing. Journal of Consumer Research, 39(4), 881-898. DOI: https://doi.org/10.1086/666376
Belk, R. (2014). You are what you can access: sharing and collaborative consumption online. Journal of Business Research, 67(8), 1595–1600. DOI: https://doi.org/10.1016/j.jbusres.2013.10.001
Boar, A., Bastida, R., & Marimon, F. (2020, August 20). A systematic literature review. Relationships between the sharing economy, sustainability, and Sustainable Development Goals. MDPI. Https://www.mdpi.com/2071-1050/12/17/6744 DOI: https://doi.org/10.3390/su12176744
Botsman, R. (2013). The sharing economy needs a shared definition—Fast Company.
Botsman, R., & Rogers, R. (2010). What is mine is yours: The rise of collaborative consumption. Harperbusiness.
Chen, Y. & Prentice, C. & Weaven, S. & Hsiao, A. (2021). A systematic literature review of A.I. in the sharing economy. Journal of Global Scholars of Marketing Science. DOI: https://doi.org/10.1080/21639159.2020.1808850
Evans, D. S., & Schmalensee, R. (2016). The economics of platforms: A theory guide for competition policy. MIT Press.
Friedman, J., & Nissenbaum, H. (2011). The impact of technology on society: A documentation of current research. Santa Clara University Center for Science, Technology, and Society.
Gansky, L. (2010). The Mesh: Why the future of business is sharing. Portfolio.
Goodman, D. & Goodman, M. (2009). Alternative Food Networks.
Hamari, J., Sjöklint, M., & Ukkonen, A. (2016). The sharing economy: Why people participate in collaborative consumption. Journal of the Association for Information Science and Technology, 67(9), 2047-2059. DOI: https://doi.org/10.1002/asi.23552
Harris, S. (2022, March 24). Council Post: Collaborative Intelligence: The New Economy. Forbes. Https://www.forbes.com/sites/forbestechcouncil/2022/03/24/collaborative-intelligence-the-new-economy/
Klimczuk, Andrzej & Cesnuityte, Vida & Avram, Gabriela & Miguel, Cristina & Lukasiewicz, Agnieszka & Kruja, Alba & Nadolska, Aleksandra & Bernát, Anikó & Farmaki, Anna & Balázs, Bálint & Koczetkow, Blazej & Simonovits, Bori & Bassetti, Chiara & Hysa, Eglantina & Martos-Carrión, Esther & Priora, Giulia & Cahier, Jean-Pierre & Dumancic, Kosjenka & Höfner, Malte & Sanna, Venere. (2022). The Sharing Economy in Europe: Developments, Practices, and Contradictions.
Lewkowicz, M., Cahier, JP. (2022). The Sharing Economy in France: A Favourable Ecosystem for Alternative Platforms Models. In: Česnuitytė, V., Klimczuk, A., Miguel, C., Avram, G. (eds) The Sharing Economy in Europe. Palgrave Macmillan, DOI: https://doi.org/10.1007/978-3-030-86897-0_12
Light, Sarah E., The Role of the Federal Government in Regulating the Sharing Economy (October 3, 2017). In: Cambridge Handbook on the Law of the Sharing Economy (Nestor et al., eds., Cambridge Univ. Press) (2018, Forthcoming), Available at SSRN: https://ssrn.com/abstract=3047322
Möhlmann, M. (2015). Collaborative consumption: Determinants of satisfaction and the likelihood of reusing a sharing economy option. Journal of Consumer Behaviour, 14(3), 193–207. DOI: https://doi.org/10.1002/cb.1512
Moulaert, F., maccallum, D., Mehmood, A., & Hamdouch, A. (2013). International Handbook on social innovation: Collective Action, social learning, and transdisciplinary research (Vol. 3). Edward Elgar Publishing. DOI: https://doi.org/10.4337/9781849809993
Parker, G. G., Van Alstyne, M. W., & Choudary, S. P. (2016). Platform revolution: How networked markets are transforming the economy and how to make them work for you. WW Norton & Company.
Petropoulos, G. (2017, November). Collaborative Economy: Market Design and Basic Regulatory Principles. Intereconomics, 52(6), 340–345. DOI: https://doi.org/10.1007/s10272-017-0701-8
Plotnikov, V. & Anisimova, Y.. (2023). The Sharing Economy: Concept, Features, Development Prospects. Administrative Consulting. 42-50. 10.22394/1726-1139-2023-1-42-51. DOI: https://doi.org/10.22394/1726-1139-2023-1-42-51
Schneider, A., & Krieger, J. (2016). When the sharing economy becomes neoliberalism on steroids: Unravelling the controversies. Journal of Peer Production, (9).
Schor, J. B. (2014). Debating the sharing economy. Journal of Self-Governance and Management Economics, 2(3), 7–22.
Sidorenko, E.. (2021). Sharing Economy and Legal Barriers to Its Development. 10.1007/978-3-030-47458-4_56. DOI: https://doi.org/10.1007/978-3-030-47458-4_56
Sundararajan, A. (2016). The sharing economy: The end of employment and the rise of crowd-based Capitalism. MIT Press.
Yaraghi, N., & Ravi, S. (2017). The Current and Future State of the Sharing Economy. SSRN Electronic Journal. Https://doi.org/10.2139/ssrn.3041207 DOI: https://doi.org/10.2139/ssrn.3041207
