
Leonard Waverman of the London Business School has estimated that an extra cristal mobile phones per 100 people in a regular(prenominal) developing country leads to an extra half a region point of growth in GDP per person. To realise the economic benefits of mobile phones, governments in such countries need to do away(predicate) with state monopolies, issue new licences to allow rival operators to enrol the market and slash taxes on handsets. With few exceptions (hallo, Ethiopia), they have make so, and mobile phones are now spreading fast, even in the poorest parts of the world. As mobile phones have spread, a new economic benefit is coming into view: using them for banking (see article), and so improving access to financial services, not just telecoms networks. Pioneering m-banking projects in the Philippines, Kenya and South Africa show the way. These branchless schemes... If you want to get a full essay, order it on our website: Orderessay
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