Category: Economics
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Economic Growth and Sustainable Development
In a previous entry, I explored the connections between digital technologies, economic growth and the environment, using the concept of Sustainable Development (SD) as analytical reference. The figure below depicts yet another way to see the three development outcomes that must interact to trigger SD. Three other outcomes are also possible if the interaction…
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More Light on Financial Inclusion
In a couple of recent posts, I briefly traced the history of financial inclusion and its links to the emergence and diffusion of digital technologies. A recently published book by Nick Bernards tackles the same issue more comprehensively while taking a more critical perspective. His departing point, however, is not financial inclusion but rather poverty…
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Digital Technologies and Sustainable Development
1. Overall context Much water has already gone under the bridge on this topic. Yet the flow shows no signs of coming to a halt soon. In the early days of the so-called “Internet revolution,” only a few were connecting the two. At the 1992 UN Earth Summit in Rio de Janeiro, which I had…
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Financial Inclusion and Democratizing Finance – III
Show me the money The impact of initiatives such as Grameen Bank (Village phone included) and M-Pesa is still under discussion. From a poverty reduction perspective, the effect has been much more limited. Many countries in the Global South have managed until recently to reduce the number of people living in extreme poverty. Take Bangladesh.…
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Financial Inclusion and Democratizing Finance – II
Where are the banks? It seems paradoxical that the mainstream history of micro-finance/financial inclusion does not consider banks. After all, banks are supposed to “bank the unbanked.” So banks are not only missing from such a narrative. They are also missing in action on the ground. In principle, banks are the institutions that should cater…
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Financial Inclusion and Democratizing Finance – I
From Noise to Signal A couple of weeks ago, El Salvador’s CryptoPopulist President shared on social media news about an international “Bitcoin” meeting his country was hosting starting May 16. He also listed the names of the 44 entities participating in the event. Not surprisingly, key countries were conspicuously absent. Regardless, the Crypto hype press…
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Open Data and Big Pharma
In 1980, the U.S. Congress passed the Bayh-Dole Act that modified patent and trademark law by allowing universities and small businesses to own inventions created under the funding of the Federal Government. Its core idea was to expedite the commercialization of innovations as the country, according to bill supporters, was seemingly falling behind Japan and…
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The Environment and “Socialist” States
Thirty-six years after it first broke the news for the wrong reasons, Chernobyl is back in the headlines thanks to the horrible and absurd Russian invasion. Sixteen months before the well-known Soviet nuclear meltdown of 1986, a plant located in Bhopal, India, owned and run by a private U.S corporation, released a lethal gas into…
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ICTs and Development Theories – II
Linking ICTs to development External researchers and experts poking for the first time into ICTD might assume that the field has, 30 years after its birth, a cohesive theory on how ICTs impact development. Unfortunately, that is not the case. If ICTD was a digital platform, we could conclude that its middleware seems to be…
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ICTs and Development Theories – I
ICTD overview The field of ICTD first saw the light over 30 years ago1 Selected references are provided at the end of the 2nd part of this post. Its overall scope is ambitious as it covers several sectors and thematic areas. Indeed, ICTD comprises three core elements: ICTs, development – yet another large and complex…
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State Capacity and Digital Technologies – I
To the Moon and Back It was my elder sister’s 25th birthday when Apollo 11 landed on the moon. We watched the unprecedented event on B&W TV – our grandma openly expressing total skepticism. We then went out for a family celebration. Funny, I still vividly remember the restaurant where we dined, which, needless to…
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Global Wealth Distribution
GDP (Gross Domestic Product), the statistic most frequently used to measure wealth creation in terms of goods and services, has been the subject of critical review for the last 25 years. Green National Accounting (GNA) and the ensuing Green National Product (GNP) have been suggested as an alternative that captures the impact of capitalist development…
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A Fuzzy Das Kapital Word Cloud
A few months ago, the top U.S. General was summoned by a Congressional Committee to explain why “Critical Race Theory” was being taught in the military. The General’s response built on the idea that the better one knows the enemy, the higher the chances of winning. Fighting unknowns is just like shooting in the dark,…
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Waiting for yet another Industrial Revolution
The PC revolution. The Internet revolution. The mobile revolution. The social media revolution. The blockchain revolution. And the AI re-revolution. We seem to be living in times of Permanent Revolution. Also reminds me of the Age of Revolution that thrived a couple of centuries ago. Back then, social uprising calling for regime change was the…
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Vaccine Inequality
Already under siege in many quarters, Globalization has now added the seemingly unstoppable spread of the Corona Virus to its already dubious credentials. As expected, not one single country has been spared, rich and poor suddenly standing on the same level playing field – a milestone economic globalization never accomplished despite mainstream media coverage tirelessly…