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Linkage to Dynamic Markets and Rural Territorial Development in Latin America

Author

Listed:
  • Escobal, Javier
  • Favareto, Arilson
  • Aguirre, Francisco
  • Ponce, Carmen

Abstract

Linkage to dynamic markets is a key factor in understanding why different rural territories in Latin America perform differently. This paper combines two conceptual frameworks (from the new economic geography and economic sociology) for an in-depth analysis of the mechanisms that operate in this linkage and to identify key factors that allow for inclusive economic development. This analysis considers three rural territories that exemplify market linkages frequently observed in Latin America, where, although high transaction costs and limited access to financial capital prevail, other types of capital (social, cultural, and human capital) available to rural dwellers can be mobilized.

Suggested Citation

  • Escobal, Javier & Favareto, Arilson & Aguirre, Francisco & Ponce, Carmen, 2015. "Linkage to Dynamic Markets and Rural Territorial Development in Latin America," World Development, Elsevier, vol. 73(C), pages 44-55.
  • Handle: RePEc:eee:wdevel:v:73:y:2015:i:c:p:44-55 DOI: 10.1016/j.worlddev.2014.09.017
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    References listed on IDEAS

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    12. Javier Escobal & Máximo Torero, 2005. "Measuring the Impact of Asset Complementarities: The Case of Rural Peru," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 42(125), pages 137-164.
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    Cited by:

    1. Ravnborg, Helle Munk & Gómez, Ligia Ivette, 2015. "Poverty Reduction Through Dispossession: The Milk Boom and the Return of the Elite in Santo Tomás, Nicaragua," World Development, Elsevier, vol. 73(C), pages 118-128.
    2. Berdegué, Julio A. & Escobal, Javier & Bebbington, Anthony, 2015. "Explaining Spatial Diversity in Latin American Rural Development: Structures, Institutions, and Coalitions," World Development, Elsevier, vol. 73(C), pages 129-137.

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