The inclusivity of any innovation depends on the degree to which the solution is accessible, affordable, available and adaptable to disadvantaged communities. Innovations are defined as new ways of addressing an unmet need through modification in one of the four dimensions of a product or service involving : material, method, applications/uses or delivery. The theory of social transformation requires modelling technological, institutional, and socio-cultural dimensions of resource use, community response and developmental outcomes. How do we value conservation of forest, soil, reduction in landslide and glacial flow, to price the new Bukhari appropriately though ecological-economic modelling? I will be talking about these ideas as a part of PC Mahalanobis student colloquium lecture at Indian Statistical Institute, Bengaluru next week.

Source: dna November 05, 2017 03:11 UTC