Overview
- Stagnates Africa’s informal sector while creating formal jobs
- Considers the impacts of the powerful economic institution
- Suggests employment increases in distributive trade and persistence of the marketplace institution
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Table of contents (8 chapters)
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Front Matter
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Back Matter
Keywords
About this book
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 Africa’s 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.
Authors and Affiliations
About the author
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.
Bibliographic Information
Book Title: Marketplace Trade and West African Urban Development
Book Subtitle: A Paradox
Authors: Krys Ochia
DOI: https://doi.org/10.1007/978-3-030-87556-5
Publisher: Palgrave Macmillan Cham
eBook Packages: Political Science and International Studies, Political Science and International Studies (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022
Hardcover ISBN: 978-3-030-87555-8Published: 21 December 2021
Softcover ISBN: 978-3-030-87558-9Published: 22 December 2022
eBook ISBN: 978-3-030-87556-5Published: 01 January 2022
Edition Number: 1
Number of Pages: XIV, 248
Number of Illustrations: 1 b/w illustrations, 2 illustrations in colour
Topics: Development Studies, African Politics, Public Policy, Urban Studies/Sociology, Human Geography