Date: 2024-12-26 Page is: DBtxt003.php txt00004847 | |||||||||
Economics | |||||||||
Burgess COMMENTARY In the 1950s it was pretty clear that nuclear science was very interesting and important. There were two tracks ... one that gave the world more and more powerful nuclear bombs and one that gave the world nuclear power. But the really big issue is the terrible trio of dangerous metrics: (1) money profit for business; (2) stock prices for investors; and, (3) GDP growth for investors. These metrics ignore the 'externalities' that are now more serious for people, place and planet than at any time in history. Why is it that every organization in the world is doing money based accountancy, and in the case of business, incredible internal analytics about contribution to profit, and there is almost no granular analytic accounting for the performance as it relates to a place? In my view this is ridiculous, but very convenient for the investor class whose wealth is related to money profit of the business which does well when there is GDP growth. The metrics we use are inadequate. The fact that (1) people (other than the investor class) are getting stripped of the modest wealth they may have, (2) that families are seeing their quality of life decline, (3) that the place (community) is losing its economic viability and (4) the planet is being compromised with depletion of its resources together with solid waste pollution, water pollution and air pollution. do not feature in the metrics that are routinely used in the financial and economic press. A huge amount of reform is needed, and I do not see much leadership interest in taking the important steps needed. Maybe it is becoming a 'talking point' but action seems to be off the table.
Peter Burgess TrueValueMetrics
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Development Informatics Research Must Stop Ignoring ICT’s Downsides The dominant narrative within ICT4D associates digital technologies with positive impacts, and has tended to underplay negative impacts. What are the implications for development informatics research?
There has been a recent cluster of global evidence about negative impacts:
Unless we adopt an extreme perspective, we can recognise that in terms of impacts, it would have been equally easy to pull out a set of positive evidence about ICT. But it is positive and negative together that tell the whole story. And in terms of causes, there is no simple relationship between the technology and the impacts identified above but, instead, a socio-technical foundation. This leads to a number of implications for the academic field of development informatics:
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