Competing Economic Growth Models for Innovation Systems 265.0
Economic growth, especially those that add net value-added or productivity, is of special interest to emerging markets as they provide a general improvement in living standards for all citizens. This economic growth is the foundation on which the special case of catch-up, that I wrote about in the preceding post, rests. Catch-up happens when governments, [...]
Waiting for the 2010 Nobel Prize Winners 246.0
Th 2010 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was updated on October 11, 2010: Peter Diamond (MIT), Dale Mortensen (Northwestern University), Christopher Pissarides (LSE) shared the prize for research that improved the understanding of search frictions in markets. Their work allowed a more realistic case than classic perfect competition in [...]
Incentives or Industrial Policy for Economic Growth? 240.0
William Easterly criticized his fellow economists in international financial institutions for failing poor countries in their elusive quest for growth in his ‘hard-nosed’ (Solow) and ‘original’ (The Economist) 2001 book. In the Preface to this edition (2002), he writes “the World Bank encourages gadflies like me to find another job.” He had to move on [...]
Elinor Ostrom, 2009 Nobel Prize in Economics 121.0
For a way to manage Commons without regulation or privatization Professor Elinor Ostrom, winner of the 2009 Nobel Prize in Economics, studied how communities managed Commons like grazing lands, pastures and similar natural resources to their advantage. As a political scientist, her theory shows that, with the right information, productive discussion and trust-based institutions, communities [...]
Technology-Driven Evolution of the Concept of Product 117.0
Over the years, the concept of Product has evolved and widened from the traditional, push USP as innovators try to find unserved markets or create new ones. In classic iteration and interaction, these concept changes have driven invention. In turn, they have also been driven by invention or enabled by it.
SYNTHESiST Publishes at Technorati BlogCritics 116.6
Technorati’s BlogCritics invited SYNTHESiST to contribute to their online magazine, BC. I accepted their invitation and sent my contribution which was published today: “Innovative Applications as Paul Romer’s Endogenous Technological Change Approaches Its 20th Anniversary”.
Romer Space Innovation Finds Product Models for Viral Marketing 115.0
As an innovation practitioner in a latecomer country, I am very interested in applications and diffusion of Paul Romer’s basic research findings. I think his 1990 paper works well as a model for knowledge-embedded as well as for viral products, both of which create high value addition from Total Factor Productivity(TFP).
Technical Change and Economic Theory – A great book find in September 113.0
The past week was busy and eventful. Forgive the hiatus in my posts. Firstly, I won two game-nights with my poker friends after four weeks of no contests. Great! Secondly, I finally acquired my copy of a second-hand book, Technical Change and Economic Theory also called IFIAS 6. Better!!
We Need Change to Compete 112.0
The World Economic Form (WEF) 2009 Global Competitiveness Report shows how badly the Philippines is performing absolutely and relative to its neighbors. The Philippines dropped 16 places to #87 out of 133 countries from #71 in 2008. I have always read the Report with reservations based on Paul Krugman’s comment that competitiveness does not apply [...]
Oprah and the Black Eyed Peas with A Viral Marketing Lesson 110.0
Hearing Black Eyed Peas’ “I gotta feeling” blaring in the background at the 2009 US Open tennis tournament turned on a light bulb in my head. It taught me two things: firstly, a technique (I will call PAIRS) for designing the architecture of a viral product and, secondly, that viral product architecture can be constructed [...]
Innovation Lessons from a Master – Steve Jobs of Apple 108.0
Steve Jobs introduced a new feature into the iPod nano on Wednesday, a video cam with 8 gig of memory and all for US$149. He said the feature was added to take advantage of YouTube’s strong growth in video-based social media. Jobs is a master innovator in Romer space – designing product architectures that are [...]
Addendum to Microfinance as an Ayala Blue Ocean – 2 of 2
I think the simplest and fastest entry for Ayala into microfinance is as a wholesale banker to lending investors and rural banks. The credit products may be in tranches of P1m, P4M, etc. and mirror the microfinance model in most respects.
