In the News
Footballs in Pakistan: An Innovation Story
30th May 2014
I am really grateful to Bob Denham from Econ Films who has shared with us this newly launched video from the International Growth Centre. It focuses on the competitive challenges facing Pakistan's football manufacturing sector as it loses market share to countries such as China and Indonesia. Footballs in Pakistan are still made mainly by hand, stitching together hexagons and pentagons - a process that leads to a lot of waste and higher unit costs and which then affects the profitability of businesses in what is already a low-margin sector.Could a team of economists find better ways of cutting the patterns for footballs and then align the incentives of workers and owners? This is a fascinating short video which captures many aspects of the Unit 4 development economics course. Enjoy!
You might also like
Tim Harford on Monopoly and Innovation
27th August 2014
New series of short films on Economics
29th July 2014
30 Most Innovative Countries in the World
24th January 2014
China at the Cutting Edge
19th September 2013
Innovation and Growth - the Entrepreneurial State
2nd September 2013
Patents
Study Notes
Innovation and Invention in Markets
Study Notes
Innovation and Government Policy
Study Notes