Which countries?
The specialized core of any National E-Markets system is likely to be designed, funded and run by international companies. That's because of the scale and sophistication of the system. However, local franchisees should run each market sector. There’s a wide range of countries which could benefit.
What does a country need for NEMs?
NEMs, and all the public internet access that may be required, should be funded by the private sector. For the funders, the return is not based on the current state of a national economy but its potential condition after some “NEM-ification”. If successful, NEMs is going to unleash a lot of new economic activity and investors will get their cut from all of it.
That suggests NEMs could work outside of a well developed first world country. It needs certain conditions if it is to work, including:
- Open access to markets, not a state run economy
- Stable money supply, which underpins any trading
- Rule of law, so fraudulent activity will be punished
- Some awareness of the Internet, if not immediate access
- Transport/road networks for completion of transactions
Countries like India, South Africa or Brazil have these requirements in place. Nations such as Zimbabwe, Belarus and North Korea probably have more fundamental problems that might conceivably be solved within legislation leading the country towards NEMs.
