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What have markets ever done for the poor?

Research output: Contribution to journalComment/debatepeer-review

Published
<mark>Journal publication date</mark>2013
<mark>Journal</mark>Marketing Theory
Number of pages4
Publication StatusPublished
Early online date28/05/13
<mark>Original language</mark>English

Abstract

This comment addresses the context within which markets have turned into purported panaceas to alleviate poverty and promote development. Expanding formal markets and rescuing the poor from the traps of informality is often seen as recipe to unlock the untapped energies at the base of the pyramid (BoP), turning individuals into budding entrepreneurs and aspiring consumers. But, so far we have failed to appreciate how the informal sector plays a key role in supporting the formal economy and providing a route for subsistence at the BoP.