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The Politics of Order in Informal Markets on Hardback by Shelby Grossman
The Politics of Order in Informal Markets on Hardback by Shelby Grossman
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The Politics of Order in Informal Markets

How the State Shapes Private Governance
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Description

Property rights are important for economic exchange, but many governments don't protect them. Private market organizations can fill this gap by providing an institutional structure to enforce agreements, but with this power comes the ability to extort group members. Under what circumstances, then, will private organizations provide a stable environment for economic activity? Based on market case studies and a representative survey of traders in Lagos, Nigeria, this book argues that threats from the government can force an association to behave in ways that promote trade. The findings challenge the conventional wisdom that private good governance in developing countries thrives when the government keeps its hands off private group affairs. Instead, the author argues, leaders among traders behave in ways that promote trade primarily because of the threat of government intrusion.

Author Biography:

Shelby Grossman is a Research Scholar at the Stanford Internet Observatory. She holds a Ph.D. in Government from Harvard University.
Release date Australia
June 24th, 2021
Audience
  • Professional & Vocational
Illustrations
Worked examples or Exercises
Pages
200
Dimensions
153x235x15
ISBN-13
9781108833493
Product ID
34363613

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