Innovations in technology have the potential to transform the lives of the poor from "summary" of Poor Economics by Abhijit Banerjee,Esther Duflo
Innovations in technology hold great promise for changing the lives of the poor. The poor often face a myriad of challenges that can be addressed through technological advancements. For instance, access to information is crucial for making informed decisions, yet many poor individuals lack this essential resource. Technology can bridge this gap by providing easy access to a wealth of information, empowering individuals to make better choices for themselves and their families. Moreover, technology can also improve the productivity of the poor by offering tools and resources that enhance their economic activities. For example, mobile banking has revolutionized the way people in developing countries...
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