Nobel Prize-winning economist Paul Michael Romer praised India’s digital revolution in a recent interview, calling it a model for other countries in the Digital South. Romer highlighted India’s Aadhaar initiative and urged nations to learn from India’s experience and develop their own ambitious digital solutions.
Romer emphasized that countries in the Digital South should not rely on wealthy nations to lead their digital transformations. He encouraged them to take inspiration from India’s self-driven approach to improving the quality of life for citizens through innovative technologies.
India’s Unique Success
Romer described India’s digital success as unique, stating that unlike many countries, India has ensured that its digital initiatives benefit all sections of society. He noted that this inclusive approach sets India apart from other nations and can serve as a learning model for countries aiming for similar progress.
Watch: Professor Paul Michael Romer says, “I think one of the first things is that the other countries in the Digital South should say to themselves, if India can do it, we can do it too. Countries need to have the confidence and the ambition to try something that hasn’t been… pic.twitter.com/qWipT8hQrZ
— IANS (@ians_india) October 20, 2024
Government’s Key Role
Romer also stressed the importance of government intervention in driving India’s digital success. He contrasted this with the more market-driven approach seen in the West, where the lack of collaboration between the government and the private sector has limited the benefits of the digital revolution. Romer believes India’s approach has maximized the potential of new technologies.
About Paul Michael Romer
Paul Michael Romer is an American economist and professor at Boston College. He was awarded the Nobel Memorial Prize in Economics in 2018 for his work on long-term economic growth and technological innovation. Romer also served as the Chief Economist at the World Bank from 2016 to 2018.
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