Tag Archives: Internet access lag

Dr. Randy Spence spoke of his experiences in Somalia, where there isn’t much government to speak of. But people are using ICTs.

However, he emphasized that ICTs must drop in cost for the investments of the 1990s to bear fruit. “I’m involved in nanotech and biotech, and fairly rapid diffusion of this technology will be very important.”

Although mobile and wireless access are expanding, fixed line and Internet access lag – and the differences are largely due to regulation.

The future may be wireless broadband, but for the foreseable future the policy is fixed line.

Dr. Michael Spence

Dr. Spence began by telling his economic perspective on the importance of good governance. “There’s a lot of talk about how all you need is a market system and that’s just nonsense. Anyone who’s studied information flows in an economy knows that good governance is the foundation of the market system. As an example, a country that doesn’t have a central bank that can control interest rates, etc is a country that’s in trouble. Everyone knows the consequences of a weak central bank, what we need to do is let people know that there are consequences to having instability in the ICT sector.

On What’s Important

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