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Coordination risk and cost impacts on economic development in poor rural areas

Dorward, Andrew and Kydd, Jonathan and Poulton, Colin and Bezemer, Dirk (2009) 'Coordination risk and cost impacts on economic development in poor rural areas.' Journal of Development Studies, 45 (7). pp. 1093-1112.

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Abstract

This paper addresses issues relevant to a critical problem in economic development: how to get rapid pro-poor economic growth in poor rural areas in Africa and South Asia where most of the world’s dollar a day poor live. It examines constraints to the development of coordinated exchange systems in poor rural areas, focusing on the core problem of thin markets and low density of economic activity in these areas. Transaction cost and risk analysis is integrated into a conventional neoclassical production economics framework to describe the existence of low level equilibrium traps in transactions and supply chains and to generate important insights for development policy.

Item Type: Articles
SOAS Departments & Centres: Faculty of Law and Social Sciences > Department of Financial and Management Studies > Centre for Development, Environment and Policy (CeDEP)
Subjects: H Social Sciences > HB Economic Theory
ISSN: 00220388
Copyright Statement: This is a preprint of an article whose final and definitive form is being published in the Journal of Development Studies © 2009 [copyright Taylor & Francis]; Journal of Development Studies will be available online at informaworldTM (http://cats.tfinforma.com/)
DOI (Digital Object Identifier): 10.1080/00220380802550277
Depositing User: Andrew Dorward
Date Deposited: 25 Aug 2010 13:18
URI: http://eprints.soas.ac.uk/id/eprint/6166

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