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Communities and Markets in Economic Development$
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Masahiko Aoki and Yujiro Hayami

Print publication date: 2001

Print ISBN-13: 9780199241019

Published to Oxford Scholarship Online: August 2004

DOI: 10.1093/0199241015.001.0001

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The Role of Business Networks in Market Development in Sub‐Saharan Africa

The Role of Business Networks in Market Development in Sub‐Saharan Africa

Chapter:
(p.186) 7 The Role of Business Networks in Market Development in Sub‐Saharan Africa
Source:
Communities and Markets in Economic Development
Author(s):

Marcel Fafchamps

Publisher:
Oxford University Press
DOI:10.1093/0199241015.003.0007

This chapter examines the role of business networks in market development and community formation in Sub-Saharan Africa. It is shown that for firms above a minimum size, relational contracting is the rule in markets for agricultural products, and manufacturing inputs and outputs. The important roles of relationships in facilitating market exchange are documented. The role of community affiliation in the membership of business networks is then examined. It is argued that entry into existing networks is biased, and that referral by family and friends is the most likely cause of ethnic concetration.

Keywords:   business networks, market development, community formation, Sub-Saharan Africa, ethnic concentration

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