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• Published on 30 Aug. 2014 • Category : Economy • Tags : innovation development
Frugal innovation is future of sustainability in developing worldOver the past few years, frugal innovation -- the development of low-cost alternatives to aid poorer communities -- has become a staple of the developing world’s economic makeup. Everything from medical devices to cars to household appliances have been stripped down to their minimum requirements and sold at a fraction of the Western price.Now, with climate change threatening the health of the globe, many developing nations are once again turning to frugal innovation to help fight their effects while simultaneously promoting sustainability. Let’s look at some of recent low-cost, efficient s(...)
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