GLOBELICS for Inclusive Development and Innovation for the Poor 262.0

The 8th GLOBELICS jumped right into its first order of business in the plenary and in Track 1 of the parallel sessions, “Innovation for the Poor [and Inclusive Development].” This after doing the right first thing in the memorial to Christopher Freeman. The highlight in the Innovation for the Poor track was the special panel [...]

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 [...]

Appropriate Technology from Scan-Adapt-Diffuse – 1 of 3

Innovation through Scan-Adapt-Diffuse is appropriate for emerging markets “Making Filipinos wealthier and the country stronger” has been my mantra in this blog. Being an industrial engineer with a passion for economics, I do not present this statement in terms of aggregates – like a typical economist – but in specific and practical terms. Update on [...]

Paul Romer Claims that Knowledge is the True Fountain of Wealth – 1 of 2

Paul Romer’s Endogenous Technological Change opens wide vistas Professor Romer will win the Nobel Prize for economics for Endogenous Technological Change (Oct 1990, JPE) within the next two years. That is my fearless forecast. For innovators, his paper has defined opportunities from a new category of products differentiated by embedded knowledge. Professor Romer will win [...]