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Marketplace trade and West African urban development : a paradox / Krys Ochia.

9783030875565 (electronic bk.)
3030875563 (electronic bk.)
3030875555
9783030875558

Cham, Switzerland : Palgrave Macmillan, 2022.

English

1 online resource (xiv, 248 pages) : maps

10.1007/978-3-030-87556-5 doi

HC1000

338.966

This book analyses how informal economy traders and the marketplace institution dominate the local economy in African cities. According to the World Bank, being an African reduces the probability that an individual is an entrepreneur in the manufacturing sector by more than 95 percent. Exporting unprocessed strategic raw materials and importing large volumes of finished goods stagnate Africas informal sector while creating formal jobs overseas. This suggests employment increases in distributive trade and persistence of the marketplace institution in reducing urban unemployment and income inequality. However, there is limited knowledge of the men and women with permanent stalls in large urban marketplaces that function daily as a temporary city within a city, even though they are the major actors in distribute trade. More important their daily out-of-stall contacts resulting from maintaining complex social and economic relationships that determine the financial health of family, business, and the economy are generally unexplored and largely unknown, but have significant unintended consequences on the urban mobility system. Researchers, planners, development practitioners and policymakers have, therefore, not focused their attention and considered the impacts of the powerful economic institution marketplaces and traders - in framing transport planning processes and urban development policies, and that is the paradox surrounding marketplace trade and urban development in West Africa. Krys Ochia is currently in charge of transit planning for a regional transit system in Florida, and has taught at Portland State, Washington State, and George Mason Universities.

Includes bibliographical references and index.

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Online resource; title from PDF title page (SpringerLink, viewed January 25, 2022).

Print version: 9783030875558

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