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Buying Virtual Goods Supports the Poor

Posted Apr 08, 2011 by Suzie Ford

Buying Virtual Goods Supports the Poor

According to a new article at BBC News, players who purchase virtual goods from 'farmers' working in China and Vietnam are helping to support those who would otherwise have no income at all. The report further suggests that the income made by gold farming companies encourages economic development in these countries.

The high proportion of money from such sales that reaches those in the country where the work was done might mean that it could aid development in many nations, said the report which was co-commissioned by the World Bank and development organisation InfoDev.

It contrasted this situation with that of coffee which was worth $70bn annually in 2009 but only $5.5bn of that reached nations that farm coffee beans.

"This suggests that the virtual economy can have a significant impact on local economies despite its modest size," it said.

Read more here or check out the report directly here.

Suzie Ford / Suzie is the Associate Editor and News Manager at Follow her on Twitter @MMORPGMom