OlsenBlog

Modern society is divided. On the one hand people have access to advanced technologies in medicine, computers, Internet communication and mobile phones. We make telephone calls around the world from one remote place and frequently do things that appear miraculous. On the other hand, many face abject poverty; one half of the world population subsists on an income of less than USD 2.50 a day as measured in 2005, see World Bank Development Indicators 2008. This is not all; there are other negative factors, such as profligate use of non-renewable resources, large loss of biodiversity, pollution of the atmosphere, and chronic armed conflict and suppression of human rights in many different areas of the world. There is a mismatch: We need to redress the imbalance between technological prowess and poverty and bring the global economy into sync with the environment…

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By: Richard B. Olsen, Founder and CEO of Olsen Ltd

Today, we use technologies on a regular basis that only 20 years ago appeared impossible. If you had told anyone in the 1970s that today’s world would boast an installed base of more than 1 billion of personal computers, this would have been viewed as utopia. Or who predicted ten years ago that mobile phones would exceed 3.5 billion by 2008? For that matter, nobody expected that Moore’s law of doubling of computing speed every two years stipulated in 1964 would still hold true in 2009?

In technology, we have been able to exceed our wildest expectations, so why not try to achieve the same in social issues? The contributions to the economics section of the blog will span a wide range of areas that are critical for such an endeavor…

Clicking here will retrieve an Acrobat version.

By: Richard B. Olsen, Founder and CEO of Olsen Ltd