Calling across the divide

Thursday, March 10, 2005

Anecdotal evidence for mobile phones’ ability to boost economic activity is abundant: they enable fishermen or farmers to check prices at different markets before selling produce, make it easier for people to look for jobs, and prevent wasted journeys. Mobile phones reduce transaction costs, broaden trade networks and substitute for costly physical transport. They are of particular value when other means of communication (such as roads, post or fixed-line phones) are poor or non-existent.
Story available here.

Source: The Economist