It is estimate the information technology (IT) industry is one of the world's largest industries and accounts for 22 per cent of developing countries' exports in e-commerce development. The UNCTAD secretariat undertook a survey of the most important IT companies in order to explore the role that foreign investment in the IT industry can play in facilitating the adoption of e-commerce development business by the local business sector in developing countries and more generally the potential contribution of the IT industry to economic growth. The 35 respondent companies had a cumulative turnover of $413 billion
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