I recently read an article in the Economist June 2007 - wherein a case was presented on the influence of Mobile phones w.r.t economic development.
What was highlighted - Fishermen -post fishing -were selling their fishes to 'one' particular warehouse - so in case of days when the fisherman's catch were good - due to oversupply in that market - prices realised weren't good - supply exceeding demand situation.
Now when mobile phones came in - telephonic coverage developed to cover several miles beyond the shores. Fishermen -post fishing - but before hitting land - checked with several markets w.r.t the supply situation. So if in a particular market - supply position was weak - fishermen could hit the apt shores - sell the fishes - realise good prices.
The study was conducted over a period of time by economists. It caught my attention - very simply because - a technological advancement is seen in action; empowering the lowest rung in the supply chain and thus leading to their economic development.
India needs many such cases - as the divide continues to grow.
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