Fridays Academy postings are based on Raj Nallari and Breda Griffith's teaching notes.
Measures of Institutional Quality
While we frequently make mostly invisible tweaks to the blog, here are two new changes I'd like to share:
Casting a wide net, McKinsey estimates that the economic impact of wireless is up to 8% of a country's GDP. To unlock this value, they encourage wireless providers and/or regulators to lower the minimum (but not average) cost of owning a cell phone and push coverage into rural areas. This is from a recent whitepaper, Wireless Unbound, which they were kind enough to send me. Check here to find your way behind the firewall and read the whole thing.
Public-private partnerships (PPPs) have sprouted like mushrooms after a rain. The trend seems likely to accelerate, as PPPs are advocated in areas as diverse as education, prisons and infrastructure. Governments will ultimately be held accountable for delivery of public services, whatever the contract form. How are they managing these complicated and long-term contracts?