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I think economic sustainability is the most important factor in evaluating the success of an implemented solution.

I heard from some economist (don't remember that name, sorry) that if you put a $1 in the economy and not invest in infrastructure your $ will bounce of in a black h***. But if you invest 50cents in cash and 50cents in infrastructure, training and other supplemental resources your money will multiply.

The reason he said is because people will use that 50cent cash to use the technology that you have implemented and produce some valuable substance from which they can either use for themselves and if they produce enough of that valuable substance then they will sell it to others. Hence, getting money in return and the cycle of economy will start from that bare 50cent in cash and 50cent technology.

Views: 21

Comment by Darpan (Dean) Dadhaniya on March 20, 2010 at 6:01am
LEARN1: Economic Sustainability. Why economy is more important than $$$?
Comment by Nick Heyming on March 20, 2010 at 7:29am
I'd love to find out who that economist was. Your point is well made, making money work and create more value is much better than burying it in the ground.

Jesus said that in his parable of the talents...
Comment by Rahul Dewanjee on March 23, 2010 at 6:50am
very aptly put forward. you've got my +1 as well for knowledge share

I certainly agree with economic sustainability as Dean rightly pointed out being absolutely critical if we need to create any intervention as a charity or as a private initiative or as government to ensure that we get positive results on the longer time horizon.

The fact that today in India we have a 8.5 percent growth while the rest of the world is struggling (except Australia of course) is a result of taking care of macro-economic fundamentals as best as the planners could so that the growth that emanated from it were sustainable and not erratic.

Most of the developmental planning in countries like India that focused on building something for the longer time horizon has always seemed to have focused on economic sustainability to generate value. Another reason why in India, I reckon the Planning Commission has done such a fantastic job by creating a context for their planning and really ensuring that their interventions were delivering sustained results and therefore generating endearing value.
Comment by Bongumusa on March 23, 2010 at 12:24pm
Economics is one of my favorite because it rules the world.
Comment by John D. Boyden on May 10, 2010 at 3:12pm
Sound economic theory here. And Bongumusa... *s* economics don't rule unless people let them! +1 KS


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