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- All Subjects: economic development
- Creators: Economics Program in CLAS
- Member of: Barrett, The Honors College Thesis/Creative Project Collection
- Status: Published
Consider Steven Cryos’ words, “When disaster strikes, the time to prepare has passed.” Witnessing domestic water insecurity in events such as Hurricane Katrina, the instability in Flint, Michigan, and most recently the winter storms affecting millions across Texas, we decided to take action. The period between a water supply’s disruption and restoration is filled with anxiety, uncertainty, and distress -- particularly since there is no clear indication of when, exactly, restoration comes. It is for this reason that Water Works now exists. As a team of students from diverse backgrounds, what started as an honors project with the Founders Lab at Arizona State University became the seed that will continue to mature into an economically sustainable business model supporting the optimistic visions and tenants of humanitarianism. By having conversations with community members, conducting market research, competing for funding and fostering progress amid the COVID-19 pandemic, our team’s problem-solving traverses the disciplines. The purpose of this paper is to educate our readers about a unique solution to emerging issues of water insecurity that are nested across and within systems who could benefit from the introduction of a personal water reclamation system, showcase our team’s entrepreneurial journey, and propose future directions that will this once pedagogical exercise to continue fulfilling its mission: To heal, to hydrate, and to help bring safe water to everyone.
The growth of fintech companies in developing countries has led to increased levels of economic development and financial inclusion. This thesis explores the reasons for the success of these companies, with a focus on the impact they have on the local economy and their ability to provide financial services to underserved populations. The intent of this thesis is to educate the reader on the overall landscape of financial technology companies in developing countries. The writing will examine the specific types of services offered by these fintech companies that operate in developing countries and the catalysts that make them successful. It will also cover the impact that these companies have on the nations they operate in by looking at contributions to overall economic development and financial inclusion. The results of this literature will have implications for business leaders, policymakers, and investors interested in promoting financial inclusion and economic development through fintech.
Water markets are a promising method for adapting to water scarcity in the western United States, and the Colorado-Big Thompson Project (CBT) market is often held up as a prime example of their potential. While much has been written about the CBT market, the current academic literature tends to eschew structural modeling of supply and demand in favor of fitting hedonic price equations, which ignore many of the market’s unique characteristics. This paper proposes a model of supply and demand for CBT water which accounts for these unique features, including transaction supply, municipality stockpiling, and differences in behavior across different types of water users. The estimation of this model is made possible by novel administrative records data on both transfers and ownership of CBT water, the processing and features of which are described in detail. While the voluminous and messy nature of the data has prevented complete estimation of the model at this point, some preliminary results are presented along with a plan for future work.
Countries such as Haiti—where corruption, violence, and extreme poverty hinder economic growth and recovery— require multifaceted, interdisciplinary solutions. The United States, along with much of the western world, has a flawed understanding of foreign aid. Though current humanitarian efforts have effectively improved the lives of millions of Haitians, they fail to address the systemic roots of Haiti’s issues. Likewise, some efforts have been counterproductive or even harmful. If the US wishes to assist Haiti (and similar developing countries for that matter) in its journey to restoring the rule of law, reducing corruption, and empowering its citizens, it must collaborate with Haitian leaders and prioritize socioeconomic policy programs.