rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Market institutions in Sub-Saharan Africa
    sub title: theory and evidence
  name:
    name part: Fafchamps, Marcel.
    role:
      role term: creator
  type of resource: text
  genre: bibliography
  genre: Electronic books.
  origin info:
    place:
      place term: mau
    place:
      place term: Cambridge, Mass
    publisher: MIT Press
    date issued: ©2004
    date issued: 2004
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: remote
    extent: 1 online resource (xx, 521 pages) : illustrations.
  abstract: 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.
  note: Marcel Fafchamps.
  subject:
    geographic: Africa, Sub-Saharan
    topic: Economic policy
  subject:
    topic: Capitalism
    geographic: Africa, Sub-Saharan
  subject:
    topic: Free enterprise
    geographic: Africa, Sub-Saharan
  subject:
    geographic: Africa, Sub-Saharan
    topic: Commerce
  subject:
    topic: ECONOMICS/Political Economy
  subject:
    topic: ECONOMICS/International Economics
  classification: HC800 .F33 2004eb
  classification: 330.967
  identifier: 9780262272452
  identifier: 0262272458
  identifier: 1423725387
  identifier: 9781423725381
  identifier: http://proxy.library.tamu.edu/login
  record info:
    record content source: OCoLC-P
    record creation date: 050921
    record change date: 20221121162408.3
    record identifier: in00004601038
    language of cataloging:
      language term: eng