Visit our Christmas Gift Finder
Click & Collect from 2 Hours*
Last Christmas delivery dates
Free UK Standard Delivery On all orders £20 and over Order in time for Christmas 19th December 2nd Class | 20th December 1st Class Free Click & Collect to UK shops From 2 hours of your order*
Market Institutions in Sub-Saharan Africa: Theory and Evidence - Comparative Institutional Analysis (Paperback)
  • Market Institutions in Sub-Saharan Africa: Theory and Evidence - Comparative Institutional Analysis (Paperback)
zoom

Market Institutions in Sub-Saharan Africa: Theory and Evidence - Comparative Institutional Analysis (Paperback)

(author)
£40.00
Paperback 542 Pages / Published: 05/12/2003
  • Coming soon

Awaiting publication

  • This item has been added to your basket
An analysis of recent data on the economic behavior of market institutions in sub-Saharan Africa, with implications for future research and current policy. In Market Institutions in Sub-Saharan Africa, Marcel Fafchamps synthesizes the results of recent surveys of indigenous market institutions in twelve countries, including Benin, Ghana, Kenya, Madagascar, Malawi, and Zimbabwe, and presents findings about economics exchange in Africa that have implications both for future research and current policy. Employing empirical data as well as theoretical models that clarify the data, Fafchamps takes as his unifying principle the difficulties of contract enforcement. Arguing that in an unpredictable world contracts are not always likely to be respected, he shows that contract agreements in sub-Saharan Africa are affected by the absence of large hierarchies (both corporate and governmental) and as a result must depend to a greater degree than in more developed economies on social networks and personal trust. Fafchamps considers policy recommendations as they apply to countries in three different stages of development: countries with undeveloped market institutions, like Ghana; countries at an intermediate stage, like Kenya; and countries with developed market institutions, like Zimbabwe. Market Institutions in Sub-Saharan Africa caps ten years of personal research by the author. Fafchamps, in collaboration with such institutions as the Africa Division of the World Bank and the International Food Policy Research Institute, participated in the surveys of manufacturing firms and agricultural traders that provide the empirical basis for the book. The result is a work that makes a significant contribution to research on the continuing economic stagnation of many countries in sub-Saharan Africa and is also largely accessible to researchers in other fields and policy professionals.

Publisher: MIT Press Ltd
ISBN: 9780262538848
Number of pages: 542
Dimensions: 229 x 178 x 32 mm

You may also be interested in...

The Enlightened Economy
Added to basket
Microeconomic Analysis
Added to basket
The Flaw of Averages
Added to basket
Microeconomic Theory
Added to basket
The Economics of Social Problems
Added to basket
Microeconomic Theory
Added to basket
Firm Commitment
Added to basket
£10.99
Paperback
Microeconomics
Added to basket
£62.99
Paperback
Microeconomics Demystified
Added to basket
Workouts in Intermediate Microeconomics
Added to basket
Microeconomics For Dummies - UK
Added to basket
Reinventing the Bazaar
Added to basket
House of Debt
Added to basket
£11.50
Paperback

Please sign in to write a review

Your review has been submitted successfully.