Understanding market failures in an economic development context

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This book by Shawn Cunningham explores the practical sense of ‘market failure’ within the context of economic development. It is a great introduction for development practitioners keen to address the imperfections that hinder market-based transactions.

Departing from the traditional representation of market failure as an abstract, theoretical concept, Cunningham provides real-life examples from the development field. He then seeks to address the question: what can you do to make markets work better, especially at the local and regional level?