Relationships and traders in Madagascar
Marcel Fafchamps () and
Bart Minten ()
Journal of Development Studies, 1999, vol. 35, issue 6, 1-35
This article documents the role that personal relationships play in economic exchange. Original survey data show that agricultural traders in Madagascar perceive relationships as the most important factor for success in their business. Evidence details the extent to which relationships are used to serve a variety of purposes such as: the circulation of information about prices and market conditions; the provision of trade credit; the prevention and handling of contractual difficulties; the regularity of trade flows; and the mitigation of risk. Of these, the regularity of supply and demand and the sharing of risk appear particularly important. Larger and more prosperous traders are those with quantitatively and qualitatively better relationships. Family plays little role in business beyond assistance at start-up.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (65) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
Working Paper: Relationships and traders in Madagascar (1998)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:taf:jdevst:v:35:y:1999:i:6:p:1-35
Ordering information: This journal article can be ordered from
Access Statistics for this article
Journal of Development Studies is currently edited by Howard White, Oliver Morrissey and Ken Shadlen
More articles in Journal of Development Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().