ONLINE FREE MARKETS AND ENTREPRENEURSHIP IN THE MUSLIM WORLD

Introduction

Opportunities for global telework Markets

New means for students and job seekers Traditional politicized economies Emigration to more favorable business

climate The advent of Information and

Communication technology

Background

Islam: founder from world of business Trade entrepreneurship and economic

mobility are honored State failures to introduce and upheld

favorable environments for economic growth

Predatory bureaucracies also drive-up costs Cost of global corruption $1 trillion Politically well connected have been

rewarded at the expense of vast majority

Solutions to overcome these issues

Plunging telecommunication costs:• High quality voice over internet protocol

(VOIP)• VSAT satellite dishes• The emergence of Wi-Fi and WiMax

Any time, anywhere learning• Wireless mobile networks, e-learning

resources and live webcasts • Just in time learning• Quick response

Solutions to overcome these issues

Reliable online system and dispute resolution system• Ability to access through internet and cell

phones• Online arbitration system

Opportunities for broad-based entrepreneurship

Globalization of services Stage I: Slow-turnaround work by large

firms (beginning in 1980) Stage II: Fast-turnaround work by large

firms (beginning in 1986) Stage III: Broad-based freelance services

growth (beginning in 2000)

Online freelance markets: a new fast trackfor talent to be recognized

Continue….

Dr Mohamed Elmasry Telework: Tomorrow’s Technology for the

Arab Woman A Lack of awareness of freelance market

opportunities

Strategy

A virtual Opportunities Gateway for telework

Entrepreneurs Micro-vouchers for online learning Online work–study experiences Online micro-finance innovations

Acceptance issues

How can online telework markets help the now-unconnected ‘base of the pyramid’ in Muslim countries?

Do people have to be literate or have computer skills to benefit from online free markets?

How can participation in online free markets be designed to scale?

Conclusion

The authors wish to thank Kane Nerys and Nick Sorrentino for research inputs and review of the article.