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Trust and Market Institutions in Africa: Exploring the Role of Trust-Building in African Entrepreneurship
Hardcover
Series: Palgrave Studies of Entrepreneurship in Africa
ISBN13: 9783031062155
Publisher: Palgrave Macmillan
Published: Apr 10 2023
Pages: 165
Weight: 0.84
Height: 0.50 Width: 5.83 Depth: 8.27
Language: English
This book places special focus on the importance of trust building, particularly in economies where formal legal arrangements are lacking. Taking the case of Africa, the author provides a framework of how indigenous institutions specify and define the rules, thereby allowing entrepreneurship to thrive. In particular, the book delves into the distinct evidence of institutional rivalry within Africa where competing institutions co-exist, leading to the emergence of dominant hybrid institutional forms. By placing enforcements at the heart of the issue, the author makes a convincing case for trust in a range of indigenous institutional arrangements.
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