Highly recommended short article in June 20th issue of Forbes.
Titled “Trickle-Up Economics” and by David Armstrong Naazneen Karmali. Subtitle:
“How low-tech, low-cost designs are helping the poorest farmers on Earth grow their way out of poverty.”
Distorted legal systems and mixed-up governments are key problems in poor countries. But so is the lack of effective application of innovation. Here is great quote from article: “The key is affordable design, Polak says. ‘Ninety percent of the people who design things work on the problems of the world’s richest 5%,’ he says. ‘There is a huge need to design things that will create a market for the poorest 4 billion people.’