Money
Q: What's the function of money?
A: A store of value.
There's a great piece in yesterday's Taipei Times about how mobile phones are changing the economic landscape in Africa. When people are motivated to innovate, there can be some truly amazing developments! This type of bottom-up innovation from the people on the ground makes a fool out of the so-called aid agencies and government institutions.
One of the best parts of this article is the part on how people are paying for goods with phone credits.
A: A store of value.
There's a great piece in yesterday's Taipei Times about how mobile phones are changing the economic landscape in Africa. When people are motivated to innovate, there can be some truly amazing developments! This type of bottom-up innovation from the people on the ground makes a fool out of the so-called aid agencies and government institutions.
One of the best parts of this article is the part on how people are paying for goods with phone credits.
Labels: innovation
posted by Gordon Graham at 10:47 PM
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