Understanding market failures in an economic development context

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?