A new virtual econmy for developing nations

BBC News reports that 'nearly 500,000 people in developing nations earn a wage making virtual goods in online games to sell to players'. A study has found that...

Research by Manchester University shows that the practice, known as gold-farming, is growing rapidly. The industry, about 80% based in China, employs about 400,000 people who earn £77 per month on average.

The practice is flourishing despite efforts by games companies to crack down on the trade in virtual goods.

Professor Richard Heeks, head of the development informatics group at Manchester who wrote the report, said gold farming had become a significant economic sector in many developing nations.

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