Introduction of cell phones to Kerala fishermen created market convergence where all fishermen converged on a single market price through text messaging about prices, leading to more efficient markets, expanded operations, and better supply chains for restaurants—demonstrating that simple information availability can have powerful economic effects.
causalpending
Speaker
RemEvidence Quote
“All of them converge on a single market price. Because you can look at the text messages. They're texting each other the price. Market operates more efficiently. They're able to expand and get more boats.”
Source
The Disruptive Potential of GenAI for Emerging Markets | Rem Koning | Leading with AI— Harvard Business School AI InstituteCreated: 8/12/2026, 6:32:49 PM
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