Tuesday, September 29, 2009

Can the West Save Africa?

from Bill Easterly's, Can the West Save Africa

"All of the above seem to forget that technology does not implement itself. Technical knowledge needs people to implement it—people who have the right incentives to solve all of the glitches and unexpected problems that happen when you apply a new technology, people who make sure that all the right inputs get to the right places at the right time, and local people who are motivated to use the new technology. The field that addresses all these incentives is called economics."