The Gig Economy for Developing Countries
The Gig Economy in Developing Countries : Opportunity or Trap? 24070448 Jun Heejung What is the Gig Economy? The Gig Economy refers to a labor market where short-term contracts, freelance work, and side gigs dominate, replacing traditional permanent employment. It is driven by rapid advancements in technology, shifts in worker preferences, and evolving economic dynamics, reshaping how people work and how businesses operate globally. Factors that drive to Gig Economy 1) Technological Advancements Digital Platforms : Tools like Uber, Lyft, DoorDash, and Upwork connect workers with customers, making it seamless to find and complete gigs. Remote Work Tools : Apps like Zoom , Slack , and Microsoft Teams , combined with cloud computing, allow freelancers to work from anywhere, promoting flexibility. Automation & AI : These technologies enable gig platforms to match supply and demand efficiently while reducing operating costs 2) Globalization Businesses can access to wo...