Amane Dannouni: How online marketplaces can help local economies, not hurt them

The video discusses the dual impact of online marketplaces like Uber, Airbnb, and Amazon, highlighting both positive and negative effects. It explores how these platforms match buyers and sellers, creating value but also causing negative externalities like job loss. Examples from Gojak, Jumia, and Grab illustrate strategic tradeoffs that mitigate negative impacts, emphasizing the importance of integrating local ecosystems and supporting entrepreneurs. The video concludes with lessons for global platforms to consider broader social and economic factors.

What was the main concern of the narrator's wife regarding Uber?

• The technology was too advanced.

• Uber cars were seen as job stealers.

• Uber was not available in their area.

• Uber was too expensive.

What is the primary function of online marketplaces?

• To create new products.

• To match sellers and buyers.

• To eliminate competition.

• To increase taxes.

How do online marketplaces increase productivity for taxi drivers?

• By offering free fuel.

• By reducing working hours.

• By providing more passengers.

• By decreasing car maintenance costs.

What is a negative externality mentioned in the context of Uber?

• More traffic congestion.

• Higher fuel consumption.

• Decreased taxi license value.

• Increased car prices.

How did Gojak integrate other transportation options?

• By providing discounts.

• By eliminating competition.

• By integrating them into their app.

• By offering free rides.

What initiative did Jumia take to support African entrepreneurs?

• Offering free products.

• Building Jumia University.

• Providing free shipping.

• Reducing product prices.

What was the outcome for Jumu after joining Jumia?

• He stopped his business.

• He moved to another country.

• He opened a brick-and-mortar shop.

• He became a taxi driver.

What was the initial name of Grab?

• RideShare

• Uber

• MyTaxi

• TaxiApp

What strategy did Grab use to expand its driver pool?

• By reducing driver wages.

• By eliminating other apps.

• By gradually expanding beyond taxis.

• By offering free cars.

What is emphasized as important in the conclusion?

• Considering broader social impacts.

• Ignoring local businesses.

• Focusing only on profits.

• Expanding rapidly without strategy.