(This blog post has been co-authored with Christine Kimes)
It is increasingly recognized that well-defined property rights are crucial for realizing the benefits of market exchange and that such rights are not exogenously given but evolve over time in response to economic and political forces. The reduction of expropriation risk and the facilitation of market transactions are the two main categories through which property rights systems affect economic outcomes. However, the mechanisms by which these two categories affect outcomes differ in important ways.
I'm happy to share that the ICT Sector Development Project for Afghanistan, a US$50 million IDA emergency grant, was approved by the Board of Executive Directors of the World Bank on April 26, 2011. The Project is now effective and promises to be an exciting continuation of our partnership with the Government of Afghanistan in developing the ICT sector.
Read more about the Project here.
The impact of the mobile phone in Afghanistan
With the seemingly endless bad news coming out of Afghanistan, I would like to break the cycle and write about a success story that is the start of something good. This post is about the humble mobile telephone.