NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Tuesday, March 22, 2005

Markets aren’t only for the rich. Certain kinds of information, however, convey advantages to those have the right data at the right time. Until recently, only the relatively wealthy had swift access to relevant market information. The cost of technologies that connect people with economically useful price data has declined steadily, however, from the tycoons of the early 20th century with their home ticker-tape machines to the day-traders of recent decades with their desktop PCs, and now, to farmers in developing countries who are beginning to own mobile phones.
Full article available here.