As many people, I was asked for years why I didn’t start one. It seems that I didn’t have the time.
I recently realised that there is so much information that I read, view or catch, that is truly useful, that I don’t always have time to write a note about or even store it. In many cases the ideas don’t require an entire article anyway.
Blogging seems to make a lot of sense as an actual time saver for everybody.
Why this Blog ?
Year 2009 is starting in the turnmoil of a global financial crisis spreading quickly to impact the entire economy of the developed countries that are slipping into recession. In the fall of 2008, the US credit crunch ballooned into Wall Street’s biggest crisis since the Great Depression.
Due to continuing industrialization and expanding trade, many significant changes of the 20th century were economic and technological in nature. Inventions and innovations affected the quality of life for great numbers. Economic development was the force behind vast changes in everyday life, to a degree which was unprecedented in human history.
Still, the gulf between the world's rich and poor grew much wider than it had ever been in the past.
While increasing industrialization and world trade had helped great numbers out of at least abject poverty by the century's end, the poorer half of the world population–three billion people–lived on the purchasing power of two U.S. dollars or less per day.
While western countries were developing a strong core financial sector and diversifying their economy, World Bank and IMF experts were pushing under development countries to drastically change their economy and mainly their agricultural production. As a result they became more dependent to importations for basic food needs and 2008 ended on a food crisis as the world prices of basic food like rice had more than 3-fold increase.
While the modernisation of the global infrastructure has helped people to travel and communicate far more easily for less money, most of the under develeopment countries do not have yet the proper infrastructure to provide basic electricity supply, transportation or access to Internet.
About the Authors
This blog is launched with the ambition to spreading some ideas that can influence and redefine the evolution of developing countries.
I have been working in technology (software and consultancy), mainly for the financial sector, and mainly for banks in Africa and Europe. My areas of competency are banking and technology. I will so focus on everything relating the banking sector – and now microfinance – with the technology innovations that can positively change the life of people inline with a sustainable development.
This blog includes lot of articles written by others, news and ideas collected on the Web, and entries found in other blogs . I wish to aggregate them in a way that would be more convenient to your searching, in a place that could become your reference.
Thanks for reading and I hope all my time and effort helps, teaches or at least informs you on many levels. When you like it, forward the link of articles of this blog to your friends!
Gerard aka OOO (Otunbo Omowale Olulano).
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