“How developing countries can leverage the sharing economy to their benefit”
1.0 Working Title “How developing countries can leverage the sharing economy to their benefit” 2.0 Background and Academic Context Through an online website or an app customer to customer transactions are operating which are providing temporary access to goods and services with no transfer of ownership which excludes second hand economy in which goods are resold. With this said, public interest in sharing economy, also known as “collaborative consumption”, is growing, resulting in various impacts on today’s economic society. While there is no definite definition for sharing economy, one can look it as a web-based free compensation resource distribution (Cheng, 2016). The sharing economy idea really took off in 2011, when Silicon Valley companies Uber and Airbnb began making transportation and accommodation easy, affordable, and accessible for all. Uber now has a reported valuation of 48 billion dollars, and is one of the world’s most valuable private companies (Forbes, 201...