Cool

This is pretty cool.

Nice when markets work the way they are supposed to due to some technology . The penny summery, fisherman in India got mobile phones, their waste dropped to zero, their average profit went up, and the consumer price went down. This is postulated, as I understood it, to be because they now had the ability to call multiple beach front markets and determine where their fish would sell best before having to land, thus the distribution of fish became more efficient.

This entry was posted on 19. March 2008 at 10:38 and is filed under Econ, politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.