Blog
Unit 4 Macro: How mobile phones promote economic development
26th December 2012
I am linking here to a lecture given recently at the Royal Society of Engineering by Tom Standage from the Economist.
Nobel Peace Prize winner Muhammad Yunus of Grameen Bank says, "When you get a mobile phone it is almost like having a card to get out of poverty in a couple of years." How did a yuppie plaything become a tool of economic development? How, exactly, do phones promote economic growth, and to what extent? In this talk Tom Standage examines the evidence and considers the prospects for another big shift: mobile money.
If you are interested in this aspects of economic development, this is an eighty minute lecture well worth listening to
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.