{"id":418,"date":"2003-11-11T13:41:21","date_gmt":"2003-11-11T11:41:21","guid":{"rendered":"http:\/\/www.multiplicity.dk\/?p=418"},"modified":"2003-11-11T13:41:21","modified_gmt":"2003-11-11T11:41:21","slug":"what-exactly-is-the-role-of-ict-in-any-economy","status":"publish","type":"post","link":"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/","title":{"rendered":"What exactly is the role of ICT in any economy?"},"content":{"rendered":"

Deeshaa : Directions for India’s Development<\/a><\/p>\n

Atanu Dey asks, and attempts to answer this central question. What is thje role of ICT in an economy?<\/p>\n

I think his answer “It reduces transaction costs” is a very good approximation to the truth. It is worth remembering that in fact, in most cases, this is exactrly what ICT’s are supposed to do. MAke it quicker, easier, more efficient to go through the transactions necessary to live a life.<\/p>\n

There are other advantages of ICT systems, only marginally related to a reduction in transaction costs, such as the transparency provided by a tamper-proof financial system, or the ability to share experiences and knowledge that would otherwise be beyond your reach. <\/p>\n

Nevertheless, it is important to remember that ICT’s in development projects should support and improve existing information flows and transactions.<\/p>\n

It is worth pondering this question: What exactly is the role of ICT in any economy?<\/p>\n

This week, I would like to address myself to that question in detail. The answer can be succinctly stated as: It reduces transaction costs. It will take a pretty long time to explore that answer. But first a few personal experiences to set the stage would be appropriate.<\/bq><\/p>\n","protected":false},"excerpt":{"rendered":"

Deeshaa : Directions for India’s Development Atanu Dey asks, and attempts to answer this central question. What is thje role of ICT in an economy? I think his answer “It reduces transaction costs” is a very good approximation to the truth. It is worth remembering that in fact, in most cases, this is exactrly what […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[5,1],"tags":[],"yoast_head":"\nWhat exactly is the role of ICT in any economy? • krag.be<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What exactly is the role of ICT in any economy? • krag.be\" \/>\n<meta property=\"og:description\" content=\"Deeshaa : Directions for India’s Development Atanu Dey asks, and attempts to answer this central question. What is thje role of ICT in an economy? I think his answer “It reduces transaction costs” is a very good approximation to the truth. It is worth remembering that in fact, in most cases, this is exactrly what […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/\" \/>\n<meta property=\"og:site_name\" content=\"krag.be\" \/>\n<meta property=\"article:published_time\" content=\"2003-11-11T11:41:21+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@tkrag\" \/>\n<meta name=\"twitter:site\" content=\"@tkrag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tomas\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/krag.be\/#website\",\"url\":\"https:\/\/krag.be\/\",\"name\":\"krag.be\",\"description\":\"I am multiple and various - Tomas A. Krag\",\"publisher\":{\"@id\":\"https:\/\/krag.be\/#\/schema\/person\/0a3bccef1d3b78b8f864bee3ed963db0\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/krag.be\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/#webpage\",\"url\":\"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/\",\"name\":\"What exactly is the role of ICT in any economy? • krag.be\",\"isPartOf\":{\"@id\":\"https:\/\/krag.be\/#website\"},\"datePublished\":\"2003-11-11T11:41:21+00:00\",\"dateModified\":\"2003-11-11T11:41:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/krag.be\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What exactly is the role of ICT in any economy?\"}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/#webpage\"},\"author\":{\"@id\":\"https:\/\/krag.be\/#\/schema\/person\/0a3bccef1d3b78b8f864bee3ed963db0\"},\"headline\":\"What exactly is the role of ICT in any economy?\",\"datePublished\":\"2003-11-11T11:41:21+00:00\",\"dateModified\":\"2003-11-11T11:41:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/#webpage\"},\"wordCount\":210,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/krag.be\/#\/schema\/person\/0a3bccef1d3b78b8f864bee3ed963db0\"},\"articleSection\":[\"ict4dev\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/#respond\"]}]},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\/\/krag.be\/#\/schema\/person\/0a3bccef1d3b78b8f864bee3ed963db0\",\"name\":\"Tomas\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/krag.be\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c551b8d07191bf152b7a271de3489235?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c551b8d07191bf152b7a271de3489235?s=96&d=retro&r=g\",\"caption\":\"Tomas\"},\"logo\":{\"@id\":\"https:\/\/krag.be\/#\/schema\/person\/image\/\"},\"sameAs\":[\"https:\/\/linkedin.com\/in\/tkrag\",\"https:\/\/twitter.com\/tkrag\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What exactly is the role of ICT in any economy? • krag.be","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/","og_locale":"en_US","og_type":"article","og_title":"What exactly is the role of ICT in any economy? • krag.be","og_description":"Deeshaa : Directions for India’s Development Atanu Dey asks, and attempts to answer this central question. What is thje role of ICT in an economy? I think his answer “It reduces transaction costs” is a very good approximation to the truth. It is worth remembering that in fact, in most cases, this is exactrly what […]","og_url":"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/","og_site_name":"krag.be","article_published_time":"2003-11-11T11:41:21+00:00","twitter_card":"summary","twitter_creator":"@tkrag","twitter_site":"@tkrag","twitter_misc":{"Written by":"Tomas","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/krag.be\/#website","url":"https:\/\/krag.be\/","name":"krag.be","description":"I am multiple and various - Tomas A. Krag","publisher":{"@id":"https:\/\/krag.be\/#\/schema\/person\/0a3bccef1d3b78b8f864bee3ed963db0"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/krag.be\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/#webpage","url":"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/","name":"What exactly is the role of ICT in any economy? • krag.be","isPartOf":{"@id":"https:\/\/krag.be\/#website"},"datePublished":"2003-11-11T11:41:21+00:00","dateModified":"2003-11-11T11:41:21+00:00","breadcrumb":{"@id":"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/krag.be\/"},{"@type":"ListItem","position":2,"name":"What exactly is the role of ICT in any economy?"}]},{"@type":"Article","@id":"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/#article","isPartOf":{"@id":"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/#webpage"},"author":{"@id":"https:\/\/krag.be\/#\/schema\/person\/0a3bccef1d3b78b8f864bee3ed963db0"},"headline":"What exactly is the role of ICT in any economy?","datePublished":"2003-11-11T11:41:21+00:00","dateModified":"2003-11-11T11:41:21+00:00","mainEntityOfPage":{"@id":"https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/#webpage"},"wordCount":210,"commentCount":0,"publisher":{"@id":"https:\/\/krag.be\/#\/schema\/person\/0a3bccef1d3b78b8f864bee3ed963db0"},"articleSection":["ict4dev"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/krag.be\/index.php\/2003\/11\/11\/what-exactly-is-the-role-of-ict-in-any-economy\/#respond"]}]},{"@type":["Person","Organization"],"@id":"https:\/\/krag.be\/#\/schema\/person\/0a3bccef1d3b78b8f864bee3ed963db0","name":"Tomas","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/krag.be\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c551b8d07191bf152b7a271de3489235?s=96&d=retro&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c551b8d07191bf152b7a271de3489235?s=96&d=retro&r=g","caption":"Tomas"},"logo":{"@id":"https:\/\/krag.be\/#\/schema\/person\/image\/"},"sameAs":["https:\/\/linkedin.com\/in\/tkrag","https:\/\/twitter.com\/tkrag"]}]}},"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8poVB-6K","jetpack-related-posts":[{"id":250,"url":"https:\/\/krag.be\/index.php\/2003\/01\/24\/faq-on-ict-for-development\/","url_meta":{"origin":418,"position":0},"title":"FAQ on ICT for development","date":"24\/01\/2003","format":false,"excerpt":"I'm working on an FAQ for ICT in development issues. Mostly trying to offset some of the frequent questions about the suitability of wireless, but also more generally about ICTs for development. Nothing spectacularly revolutionary, but just an atempt at clarifying my position on some important questions, such as: Isn't\u2026","rel":"","context":"In "ict4dev"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":256,"url":"https:\/\/krag.be\/index.php\/2003\/01\/28\/where-are-the-ict-weblogs\/","url_meta":{"origin":418,"position":1},"title":"Where are the ICT weblogs?","date":"28\/01\/2003","format":false,"excerpt":"The riptari filter asks: Where are the ICT Web Logs? I feel obliged to answer. Have a look at GeekHalla which is the unofficial site of for GeekCorps volunteers. The Rwanda section has the diary of David Smith, who was recently there for 6 weeks working on a programming gig,\u2026","rel":"","context":"In "ict4dev"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":270,"url":"https:\/\/krag.be\/index.php\/2003\/02\/03\/idea\/","url_meta":{"origin":418,"position":2},"title":"Idea\u2026.","date":"03\/02\/2003","format":false,"excerpt":"I got a crazy idea today. As some of you know I've sent in an application to go get my master's at the MIT Media Lab, focusing on wireless networks in the developing world. Part of that is that I know I want to work with these issues for the\u2026","rel":"","context":"In "ict4dev"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":252,"url":"https:\/\/krag.be\/index.php\/2003\/01\/27\/universal-access-more-from-the-riptari-filter\/","url_meta":{"origin":418,"position":3},"title":"Universal Access\u2026 More from the Riptari Filter","date":"27\/01\/2003","format":false,"excerpt":"riptari filter: Facing Kenny's Figure What we really ought to be doing, all of us who are taking an interest in the internet's expansion, is not only to follow Mr. Kelly's example by continuing to openly, frequently criticize the call for universal access, but more importantly we should start creating\u2026","rel":"","context":"In "ict4dev"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":461,"url":"https:\/\/krag.be\/index.php\/2004\/07\/02\/dont-get-seduced-by-ict\/","url_meta":{"origin":418,"position":4},"title":"Don\u2019t get seduced by ICT","date":"02\/07\/2004","format":false,"excerpt":"One of my favourite blogs dealing with ICTs in development, Deeshaa, mentions a recent keynote by prof Ken Keniston of MIT. He laid out 5 important points when dealing with ICTs for development. They may be obvious to many, but they are valid and important to remember, nevertheless: Prof Ken\u2026","rel":"","context":"In "ict4dev"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":353,"url":"https:\/\/krag.be\/index.php\/2003\/06\/06\/wifi-in-india\/","url_meta":{"origin":418,"position":5},"title":"WiFi in India","date":"06\/06\/2003","format":false,"excerpt":"The Digital Divide Network: Over 200 rural villages in India's Maharashtra state have formed a wireless Internet cooperative, establishing 50 wi-fi \"hotspots\" in their communities. The co-op has managed to raise more than $400,000 (RS20 million) to expand the reach of wireless Internet locally. Maharashtra is not alone, however; communities\u2026","rel":"","context":"In "ict4dev"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/krag.be\/index.php\/wp-json\/wp\/v2\/posts\/418"}],"collection":[{"href":"https:\/\/krag.be\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/krag.be\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/krag.be\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/krag.be\/index.php\/wp-json\/wp\/v2\/comments?post=418"}],"version-history":[{"count":0,"href":"https:\/\/krag.be\/index.php\/wp-json\/wp\/v2\/posts\/418\/revisions"}],"wp:attachment":[{"href":"https:\/\/krag.be\/index.php\/wp-json\/wp\/v2\/media?parent=418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/krag.be\/index.php\/wp-json\/wp\/v2\/categories?post=418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/krag.be\/index.php\/wp-json\/wp\/v2\/tags?post=418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}