Home Blog

Always regulated, never protected: How markets work

Written by Richard Mallett on 12 November, 2014 : 18:07


Most economic activity in developing countries is informal in nature. But the mistake people make is thinking that it is therefore untaxed and open to all (a kind of ultimate free market). This simply isn’t the case.

SLRC Researcher, Richard Mallett

If you’re not already interested in livelihoods, you should be. Because livelihoods are the bottom line of development. Millions are spent on trying to build more effective states around the world, but development isn’t really about state capacity. At the end of those long causal chains and theories of change, there’s a person – an average Jo (sephine), a ‘little guy’. Making things work a little better for that person, making it easier for them to make their own choices and carve out a decent living…that is the why of development.

Read the full blog on the World Bank's Future Development site: Always regulated, never protected: How markets work

There are no comments. Please leave a comment.

Add a comment

Name:
Comment:
 
 

Welcome to SLRC's blog.

This blog will feature reflections from our team of researchers on the practicalities of actually conducting research in conflict-affected situations. We will also be posting guest blogs written by key researchers and practioners working on livelihoods, basic services and social protection in conflict-affected situations.