Study shows limits of ‘liberation technology’ in advancing change
COLUMBUS, Ohio – The serious air pollution problem in China has attracted the attention of online activists who want the government to take action, but their advocacy has had only limited success, a new study has revealed. (more…)
$100M “Project Lucy” Initiative Heralds New Era of Data-Driven Development
LAGOS and NAIROBI – 06 Feb 2014: IBM has launched a 10-year initiative to bring Watson and other cognitive systems to Africa in a bid to fuel development and spur business opportunities across the world’s fastest growing continent. Dubbed “Project Lucy” after the earliest known human ancestor, IBM will invest US$100 million in the initiative, giving scientists and partners access to the world’s most advanced cognitive computing technologies. (more…)
Research reveals common challenges preventing IT progress in Africa recommends steps to overcome technology roadblocks
Nairobi, Kenya – 27 Jan 2014: IBM IBM today announced the results of a new study entitled ‘Setting the pace in Africa: How IT leaders deliver on the potential of emerging technologies’, which found that while nearly 87 percent of African IT leaders rank new technologies such as analytics, cloud, mobile and social media as being critical to business success, only 53% are pushing forward with adoption. (more…)
Attracting more talented foreign students to study at U.S. universities and encouraging them to launch entrepreneurial ventures here could help “revitalize innovation and economic growth” in this country, a trio of economists led by University of Colorado Boulder Professor Keith Maskus concludes. (more…)
Despite continued reports of economic growth in Africa, much of the continent remains wracked by poverty, with roughly one in five citizens saying they frequently lack food, clean water and medical care, according to the largest survey of African citizens.
This suggests the growth is not trickling down to the poorest citizens or that actual growth rates are inflated, said Carolyn Logan, assistant professor of political science at Michigan State University and deputy director of the survey, called the Afrobarometer. (more…)
New Center to Foster Economic Competitiveness in the U.S., Create 500 Jobs Aligned to New Markets for Watson, Smarter Commerce and Social Business Client
COLUMBUS, OHIO – 29 Nov 2012: IBM today announced it will establish a new analytics center in Columbus, Ohio, dedicated to advancing research, development, client services and skills training in the areas of analytics, big data and cognitive computing. The move aims to create 500 new analytics jobs and nurture economic development in the region over the next three years.
Ohio is home to 27 Fortune 500, and 57 Fortune 1,000 companies, as well as a burgeoning technology sector and leading academic institutions. The IBM Client Center for Advanced Analytics will offer a strong foundation for a broad public and private sector collaboration that will include The Ohio State University (Ohio State), JobsOhio, Columbus 2020, ICC, an IBM Premier Partner, and other Columbus-based businesses. (more…)
*No silver bullet but hope for economy remains, experts tell audience at UD*
Analogies abounded at the 2012 Economic Forecast, where speakers compared monetary policy to turnpike driving, fiscal policy to an empty toolbox and investing to “finding the least worst house on an unstable block.”
Charles I. Plosser, president and CEO of the Philadelphia Federal Reserve, was one of three featured speakers at the annual event, which was sponsored by Lyons Companies and the University of Delaware’s Center for Economic Education and Entrepreneurship (CEEE) and held Tuesday, Feb. 14, at UD’s Clayton Hall. (more…)
Economists have long suspected that one reason developing countries struggle to emerge from poverty is that they lack robust financial sectors, especially when compared to wealthier nations.
Although it may seem obvious that a weak financial sector would stifle growth within a developing country, few economists until now have tried to determine just how this phenomenon occurs. This has made it difficult for policymakers and investors to understand how financial markets may be failing and to create effective solutions to correct them.
Economists Francisco J. Buera of UCLA and the Federal Reserve Bank of Minneapolis, Joseph Kaboski of the University of Notre Dame, and Yongseok Shin of Washington University in St. Louis present important insights into this phenomenon in a paper recently published in the journal American Economic Review. (more…)
