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9781849803106

Exchange and Development

by ;
  • ISBN13:

    9781849803106

  • ISBN10:

    1849803102

  • Format: Hardcover
  • Copyright: 2010-11-01
  • Publisher: Edward Elgar Pub
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List Price: $128.00

Summary

This innovative and important book develops a new framework for analyzing exchange that takes place within and outside markets over the course of development. The authors argue that development and social and economic progress are greatly enhanced by a fluent and efficient exchange system. Conversely, the process of development encourages and facilitates trade. The authors introduce the concept of exchange configurations to capture the multiplicity of settings within which exchange occurs and the many different forms exchange and transactions can take. The book shows how exchange configurations can help to identify the factors that constrain the exchange process and lead to the formulation of effective reforms. It then uses a historical analysis of systems of exchange during different phases of development over the last two millennia to illustrate different exchange configurations.

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