STICERD and Department of Economics Public Lecture
Netflix for Agriculture? Digital Technology for Development
Professor Michael Kremer
Thursday 14 February 2019
Old Theatre, Old Building
LSE, Houghton Street, London WC2A 2AE
About the lecture
The rapid spread of mobile phones in developing countries, coupled with recent advances in our ability to analyze big data through tools such as machine learning and artificial intelligence, has generated considerable excitement about the potential of ICT for development. How does the reality of ICT use for development stack up to this excitement? And, which institutional arrangements best promote the use of ICT for development? Michael Kremer begins to answer these questions by examining the case of mobile-phone enabled agricultural extension for smallholder farmers.
Recent changes in technology have made it possible to disseminate personalized agricultural information to smallholder farmers via their mobile-phones. In this lecture, Kremer explores the rapidly accumulating evidence on the impact of mobile-phone based agricultural extension. There appear to be at least some settings where farmers change their behavior and increase their yields in response to advice delivered via their mobile phones. Preliminary evidence suggests this may be highly-cost effective. However, due to market failures and asymmetric information private markets will typically undersupply this public good. Governments tend to fail as well due to design flaws that make their solutions difficult for farmers to understand. Kremer discusses potential hybrid solutions that incorporate elements of both private and public provision and argues that zero (or negative) pricing for such services is likely optimal. Finally, the lecture ends with a speculative vision of a “Netflix for Agriculture” in which farmers would provide information, knowing that this would allow the system to make better recommendations for them, and this would in turn improve the performance of the system in offering recommendations to other farmers.
This event is a Kapuscinski Lecture (@kapulectures). The Kapuscinski Development Lectures is a series organised by the European Commission, UNDP and partner universities. The series is funded by the European Commission.
Further information is available via the LSE Events pages.
About the speaker
Michael Kremer is Gates Professor of Developing Societies, Harvard University. He is a Fellow of the American Academy of Arts and Sciences, a recipient of a MacArthur Fellowship and a Presidential Faculty Fellowship, and was named a Young Global Leader by the World Economic Forum. Kremer’s recent research examines education, health, water, and agriculture in developing countries. He has been named as one of Scientific American’s 50 researchers of the year, and has won awards for his work on health economics, agricultural economics, and on Latin America.
About the chair
Oriana Bandiera is Sir Anthony Atkinson Professor of Economics and Director of STICERD, LSE.
The London School of Economics and Political Science is a School of the University of London. It is a charity and is incorporated in England as a company limited by guarantee under the Companies Acts (Reg no. 70527).The registered office address of the School is: The London School of Economics and Political Science, Houghton Street, London WC2A 2AE, UK; Tel: +44 (0)20 7405 7686