Implications of market and coordination failures for rural development in least developed countries
Market failures affecting economic growth in poor rural areas are firmly on the agenda but for goods and services with private good characteristics are generally not conceptualized and understood in ways that help policy analysis and formulation to recognize and address these failures. We need greater recognition and understanding of the causes and nature of coordination failures that lead to these market failures. This paper examines core features of poor rural areas, the nature of coordination problems faced by different potential economic actors, the impacts of these problems on markets and economic development and ways that these have been addressed or ignored in different policies and policy approaches in Asia and Africa. We conclude by drawing out the implications for policies seeking to promote pro-poor economic growth in poor rural areas today. Copyright © 2004 John Wiley & Sons, Ltd.
Volume (Year): 16 (2004)
Issue (Month): 7 ()
|Contact details of provider:|| Web page: http://www3.interscience.wiley.com/journal/5102/home|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Adelman, Irma & Morris, Cynthia Taft, 1997. "Editorial: Development history and its implications for development theory," World Development, Elsevier, vol. 25(6), pages 831-840, June.
- Hall, Peter A. & Soskice, David (ed.), 2001. "Varieties of Capitalism: The Institutional Foundations of Comparative Advantage," OUP Catalogue, Oxford University Press, number 9780199247752, March.
- Jayne, T. S. & Jones, Stephen, 1997. "Food marketing and pricing policy in Eastern and Southern Africa: A survey," World Development, Elsevier, vol. 25(9), pages 1505-1527, September.
- Andrew Dorward & Nigel Poole & Jamie Morrison & Jonathan Kydd & Ian Urey, 2003. "Markets, Institutions and Technology: Missing Links in Livelihoods Analysis," Development Policy Review, Overseas Development Institute, vol. 21, pages 319-332, 05.
- Kherallah, Mylène & Delgado, Christopher L. & Gabre-Madhin, Eleni Z. & Minot, Nicholas & Johnson, Michael, 2000.
"The road half traveled,"
2, International Food Policy Research Institute (IFPRI).
- Gaur, Sanjay, 1997. "Adelman and Morris factor analysis of developing countries," Journal of Policy Modeling, Elsevier, vol. 19(4), pages 407-415, August.
- Andrew Dorward, 2001. "The Effects of Transaction Costs, Power and Risk on Contractual Arrangements: A Conceptual Framework for Quantitative Analysis," Journal of Agricultural Economics, Wiley Blackwell, vol. 52(2), pages 59-73.
- Block, Steven A., 1995. "The recovery of agricultural productivity in sub-Saharan Africa," Food Policy, Elsevier, vol. 20(5), pages 385-405, October.
- Poulton, Colin & Gibbon, Peter & Hanyani-Mlambo, Benjamine & Kydd, Jonathan & Maro, Wilbald & Larsen, Marianne Nylandsted & Osorio, Afonso & Tschirley, David & Zulu, Ballard, 2004. "Competition and Coordination in Liberalized African Cotton Market Systems," World Development, Elsevier, vol. 32(3), pages 519-536, March.
When requesting a correction, please mention this item's handle: RePEc:wly:jintdv:v:16:y:2004:i:7:p:951-970. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.