Detoxifying markets

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In pursuit of development goals in developing countries, the development agencies in many cases have toxified the markets with interventions that have developed inappropriate commercial behavior, and complacency among the private sector players to take actions on certain changes that are important for them and the people they serve. The markets now look for external support either from governments or NGOs to sustain the changes and to innovate further. This has happened because of non-business people with no clear guidelines, and shorter timeline projects have tried to engage with businesses to reach to their development goals. Does anyone have any experience to detoxify the markets and re-engaging them, in a context where such activities are still in continuation?

30 Jul 2018, 9:15 a.m.

Jitesh Kumar Panda

I agree with your views that working with market players requires longer term perspective, which may be beyond the project period.