Spontaneous Markets, Networks, and Social Capital: Lessons from Africa

摘要: Recent years have witnessed a renewed interest in institutions as an essential ingredient for growth (The World Bank 2002). There is now abundant literature documenting the role that play development process (e.g. Keefer and Knack 1997, Acemoglu, Johnson Robinson Market particular appear central to this North 1973, 2005), so much they are commonly seen critical component of good business environment. However, beyond generalities about courts respective merits common law versus roman law, little practical advice available on how improve market institutions. Detailed analysis markets operate practice has been provided by John McMillan, Chris Woodru¤, coauthors Vietnam Eastern Europe McMillan Naughton 1996, Johnson, Woodru¤ 2002, 2000, 1999a, 1999b) myself –with various –for Sub-Saharan Africa Fafchamps 2004, Bigsten, Collier, Dercon, Fafchamps, Gauthier, Gunning, Isaksson, Oduro, Oostendorp, Patillo, Soderbom, Teal Zeufack 2002b, 2003, Minten 1999, 2001). What