Recent research by BEAM Exchange seeks to understand theoretical perspectives on how market systems approaches can contribute to inclusive economic development through systemic change. Three main insights emerged:
- Economies are evolving systems, building on the mechanisms of variety creation, selection and amplification.
- Both, current economic performance, including aspects like the inclusiveness of growth and economic evolution, are shaped by the ability of a society to explore different options for institutional arrangements and adjust them over time.
- This process of evolution is complex. While some aspects can be designed and managed, others need to be explored through a process of learning and adjustment.
This paper responds to these insights by providing a practitioner perspective through the lens of one market systems development programme: DFID-funded “Northern Uganda: Transforming the Economy through Climate Smart Agribusiness – Market Development (NUTEC-MD)”, implemented by Palladium. It begins with a brief introduction to the programme and key aspects of its design phase. It then provides a summary of the three main research insights, with reflections on their applicability for programme design based on the NUTEC-MD experience. Finally, it provides some conclusions for the wider practitioner community based on this case.