Cash is falling out of fashion – will it disappear forever?
Cash is being displaced in so many ways that it’s hard to keep track. There are credit cards and electronic payments; apps such as Venmo, PayPal and Square Cash; mobile payments services; cryptocurrencies that operate outside the purview of central banks; and localized offerings such as Kenya’s mPesa, India’s Paytm and Bangladesh’s bKash. These innovations are encouraging cashlessness across communities worldwide.
It’s reasonable to expect cash to follow the path of other goods that have been replaced by digital alternatives, such as photos, music and movies. Will cash – and the ATMs that dispense it – experience a “Blockbuster” moment and disappear from our neighborhoods?
Read the full piece from Dean Chakravorti in The Conversation
If Trump, Modi Talk Climate
All this makes for an awkward prelude to Prime Minister Narendra Modi’s visit to Washington — a pity, since the two headstrong heads of state have a lot in common. Diplomacy may demand that the climate kerfuffle be kept off the agenda. In the unlikely event that it does come up, though, here is a cheat sheet for the PM.
Read the full piece from Dean Chakravorti in The Indian Express
Growing the digital economy
The creation of the innovation hub will be a critical component in the drive to boost the Philippines’ ranking in the Digital Evolution Index (DEI), which ranks countries in terms of their readiness for the quickly expanding digital economy. The Philippines is one of the so-called “break-out” nations in the recent global DEI study conducted by the US-based Fletcher School at Tufts University, using data from 2008 to 2013. The country stands alongside China, Malaysia, Thailand, and Vietnam as one of the “rapidly advancing countries” in the global digital topography.
Read the full article in Speed Magazine