- October 10, 2018
- By Daily Star
Dani Rodrik- New technologies reduce the prices of goods and services to which they are applied. They also lead to the creation of
Consumers benefit from these improvements, regardless of whether they live in rich or poor countries.
Mobile phones are a clear example of the deep impact of some new technologies. In a clear case of technological
leapfrogging, they have given poor people in developing countries access to long-distance communications without the
need for costly investments in landlines and other infrastructure.
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