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Innovations to Make Markets More Inclusive for the Poor
Abstract
Market failures, government failures and some of the characteristics of both the poor and business actors as well as their environment can act as barriers preventing the poor from participating more actively in markets, both as consumers and as producers. Private actors ‐ including for‐profit and not‐for‐profit entities, often in partnership with the public sector ‐ have been able to mitigate some of these constraints through innovations that have helped to make markets more inclusive for the poor, enabling them not just to gain access, but also to participate in ways that enhance their economic empowerment and human development. This article identifies the strategies and innovations used and devises a possible typology for them.
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“A wide range of informal networks and institutions have been targeted for corporate freeriding, including rotating credit groups (ROSCAs), producer cooperatives, informal enterprise associations, informal hawking networks, and relational contracting (Rivera Santos and Rufin 2010; Mendoza and Thelen 2008;Karamachandran et al. 2011;UNDP 2008;London and Hart 2011).”
From Cannibalizing the Informal Economy: Frugal Innovation and Economic Inclusion in Africa (2018) · cites this paper as Mendoza and Thelen 2008
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Cited by
Building Inclusive Markets in Rural Bangladesh: How Intermediaries Work Institutional Voids
Mair, J., Martí, I., & Ventresca, M. J. (2012) · Academy of Management Journal · doi:10.5465/amj.2010.0627 · Cited by 1,207
The digital revolution in financial inclusion: international development in the fintech era
Gabor, D., & Brooks, S. (2017) · New Political Economy · doi:10.1080/13563467.2017.1259298 · Cited by 796
Capital is not enough: Innovation in developing economies
Bradley, S. W., McMullen, J. S., Artz, K., & Simiyu, E. M. (2012) · Journal of Management Studies · doi:10.1111/j.1467-6486.2012.01043.x · Cited by 375
Cannibalizing the Informal Economy: Frugal Innovation and Economic Inclusion in Africa
Meagher, K. (2018) · The European Journal of Development Research · doi:10.1057/s41287-017-0113-4 · Cited by 175
Metadata
- Authors
- Mendoza, R. U., & Thelen, N.
- Venue
- Development Policy Review
- Publisher
- Wiley
- Published
- 2008-06-28
- Volume
- 26
- Issue
- 4
- Pages
- 427-458
- ISSN
- 0950-6764
- 1467-7679
- Cited by
- 102
- References
- 2
- Language
- en
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