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Source link: http://archive.mises.org/4349/cell-phone-markets-change-life-in-africa/

Cell Phone Markets Change Life in Africa

November 17, 2005 by

Here is an awesome AP story explaining how the cell phone market is changing African life for the better. Cell phones are circumventing government controls connecting brokers and consumers more efficiently. Prepaid minutes are a form of currency. Cell phones are adding true wealth to the African capital structure that can’t be done with foreign aid and isn’t tracked by Keynsian statistics.

“Cell phones slice through all those obstacles and provide African solutions to African problems.”

{ 1 comment }

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