Bitcoin, Renewable Energy, and Developing Countries: The Case of Paraguay

Notes on the 21st Century (CBRI), 2019

8 Pages Posted: 24 Jan 2019

See all articles by Usman W. Chohan

Usman W. Chohan

UNSW Business School; Critical Blockchain Research Initiative (CBRI); Centre for Aerospace & Security Studies (CASS)

Date Written: January 17, 2019

Abstract

Abstract: This discussion paper considers the nexus of renewable energy, bitcoin, and development economics, by examining the case of Paraguay, which stands at a crossroads in terms of wrestling with development priorities, technological innovations, integration into the world economy, and stark economic inequality. This is predicated on its strong natural endowments in renewable (hydro) energy at Itaipu and its surplus power generation capacity. As the prices of cryptocurrencies fluctuate, and Paraguayan policymakers consider a broader development strategy, the findings of the paper suggest that competing development priorities may allow for Paraguayan pursuit of cryptocurrencies, but it must be balanced with larger considerations such as mitigating persistent economic inequality.

Keywords: Bitcoin, Cryptocurrency, Development, Paraguay, Hydroelectricity, Blockchain, Brazil

Suggested Citation

Chohan, Usman W., Bitcoin, Renewable Energy, and Developing Countries: The Case of Paraguay (January 17, 2019). Notes on the 21st Century (CBRI), 2019 . Available at SSRN: https://ssrn.com/abstract=3317781 or http://dx.doi.org/10.2139/ssrn.3317781

Usman W. Chohan (Contact Author)

UNSW Business School ( email )

UNSW Business School
High St
Sydney, NSW 2052
Australia

Critical Blockchain Research Initiative (CBRI) ( email )

Centre for Aerospace & Security Studies (CASS) ( email )

Rawalpindi
Pakistan

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