Measuring the Financial Benefits of a Six Sigma Project
The final step in the metrics is to measure the financial benefits that are accruing to the firm because of the Six Sigma project being undertaken. This is important and is also an area of concern. Most criticisms of Six Sigma say that the benefits that are presented in such analysis are incorrect and actually […]
Seattle’s Homelessness Crisis
The city of Seattle, Washington is one of the most prominent economic centers in the world. It houses companies like Microsoft and Amazon which are some of the wealthiest and most powerful companies in the entire world. However, this prosperous city in the most prosperous nation of the world has become a victim of its […]
India’s Demonetization Policy: Will it Work ?
Imagine one fine evening your nation’s top leader suddenly appeared on television to make an address. In this speech, he stated that the money which currently accounts for over 80% by value and 20% by volume of the entire money supply are suddenly going to be invalid i.e. worthless. They would cease to be legal […]
The Link between the Drug War and Immigration
The Current Situation: Donald Trumps administration had signed in a draconian law. This law made it necessary for immigration officers to deport adults who were illegally entering the United States. However, the children who were detained in the United States were to be kept in detention centers built specifically for the purpose. The end result […]
Impact of Internet Revolution in Business
Introduction Worldwide influence of the internet is well-established and acknowledged. Penetration rate of the internet has been phenomenal; almost 1/3rd of Human population are accessing the internet. The way business is conducted in this digital age has changed due to so many people logged on to the internet. Advancement in communication and information technology has […]
Mobility or the ability of people to move from place to another has been an integral and vital part of our existence.
No matter how much we work from home or live in self sufficient gated communities, we still need to travel once in a while.
And for those for whom mobility is a daily necessity, it is harder to commute to and fro to their workplaces everyday without some means of comfortable means of transportation.
Moreover, with the world urbanizing at an increasing pace, it is more than ever necessary for planners and policymakers to deal with the problems associated with mobility in urban areas.
No wonder that leading experts on urban problems and entrepreneurs and investors often meet in glitzy conferences to discuss the problems of mobility.
In this context, it is worth noting that ever since the emergence of ride sharing and aggregator firms such as Uber, mobility is now being talked about in a futuristic sense.
In other words, the long cherished dream of having comfortable and at the same time, affordable forms of transport can now be realized with futuristic concepts such as Bullet Trains, Metro Services, Helicopter Taxis, Air Taxis, and the ubiquitous and always on cabs and sharing apps.
Having said that, one must be circumspect about getting too excited with the new concepts as mentioned above. The reasons range from affordability and reliability to the very real aspect of sustainability given the pathetic state of urban infrastructure in most cities around the world.
Indeed, when Uber was launched, it was heralded as a revolution in mobility only to be bogged down in traffic and surly drivers who are often rude and harass their passengers.
On the other hand, cab aggregators such as Uber have relived the pressure on urban roads and infrastructure by replacing private cars and vehicles and hence, contributing to a significant change in the way mobility happens.
However, it is a moot point as to what the actual benefits are since substituting private vehicles by other vehicles hardly solves the problem.
This is the reason why many urban experts suggest bringing in more ideas to solve the problem rather than going all out with one or two ideas that seem transformative but turn out to exacerbate the problem.
Thus, there is an urgent need to examine how the future of mobility would be and what steps the governments can take as far as decongesting the roads is concerned.
A good place to start would be to involve businesses and investors by dangling the carrot of incentives and profits that can be earned by solutions to problems associated with mobility.
For instance, it would be great if the Metro services are operated by private players with last mile connectivity being offered by them as well so that commuters can hop on to the metro and then hop off and take the bus to their office from the metro station.
In addition, solutions such as Air Taxis and Helicopter services to be used to ferry commuters who can afford them can also be significant approaches that would go a long way in addressing the problems associated with mobility.
Apart from this, suburban rail operated on dedicated corridors is another solution that would make the commute smoother and at the same time, bring in revenues for the investors.
Thus, there are a host or a range of solutions that can be implemented which can involve the private sector so that there is a mutually beneficial arrangement from the partnership between them.
Having said that, it is also the case that more often than not, most solutions when discussing the future of mobility are only targeted at the middle and upper classes and not at the poor.
Indeed, how many people can afford Uber or an Air Taxi and instead, would settle for an overcrowded local train. Moreover, how many can afford even Two Wheelers, let alone Cars.
Hence, it is important to note that any discussion on the future of mobility would necessarily have to take into account the issue of affordability.
Unless we address this aspect, there is likely to be social unrest and road rage on the roads as can be seen from the frequent incidents of accidents turning into fights and flaring up as clashes.
Therefore, it is our contention that there is an urgent need to address mobility in all aspects and not only for the few.
While the rich can take a Helicopter to commute to and fro, what options do the poor have? Moreover, with the middle classes also living in walled off communities and working from home and having all amenities inside their complexes, again it is those who are the most vulnerable that are the most affected and hence, it is time for the various stakeholders to address this imbalance.
Lastly, it is of immense concern that the Indian Government is spending on Bullet Trains instead of using that money to improve the condition and the situation of roads. Moreover, the so-called Smart Cities project has failed to take off and this is compounding the problems as well. In addition, the Metro services that operate in many Indian cities are yet to provide Last Mile Connectivity. Therefore, to conclude, the time is now for investors, entrepreneurs, businesses, and the government to come together and address the Future of Mobility.
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What the Current Wave of Protectionism and Populism mean for the Future of Globalization and Free Trade
February 12, 2025
