Tag Archives: cash economy

Time to reach consensus on the #informaleconomy debate

As yesterday’s post showed, the unforeseen outcome of India’s demonetization initiative on the rural cash economy arose due to the lack of disaggregation of all that tends to get lumped together under the umbrella label “informal”. Segmentation would lead to more impactful design of policy and programmes. WIEGO has an excellent review of the academic […]

Posted in Analysis, Assumption filter, East African Community, Economy, Frameworks, Indigenous & Traditional, Informal & Flexible, Perspective, Prepaid Economy & Informal Sector, Research, Rural Economy, South Asia, Sub Saharan Africa, User research, Value | Also tagged , , , , , , | Leave a comment

Unforeseen outcomes of India’s demonetization shine light on the value of our design philosophy

Latest news on India’s demonetization informs us how the rural economy is bearing the brunt of this initiative. The action was intended to target wealthy tax evaders and end India’s “shadow economy”, but it has also exposed the dependency of poor farmers and small businesses on informal credit systems in a country where half the […]

Posted in Analysis, Assumption filter, Banking, Design, Economy, Ecosystem, Frameworks, Income, India, Indigenous & Traditional, Informal & Flexible, Innovation Planning, Perspective, Prepaid Economy & Informal Sector, Process, Research, Rural Economy, South Asia, Strategy, Systems, User research, Value | Also tagged , , , , , , , , | 2 Responses