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Understanding market failures in an economic development context.

BOOK ? JULY 2011

DOI: 10.13140/2.1.4734.6562

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Shawn Cunningham Vaal University of Technol... 7 PUBLICATIONS 1 CITATION

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Available from: Shawn Cunningham Retrieved on: 15 September 2015

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Pretoria, 2011

Mesopartner Monograph 4 Edition 1, July 2011 Pretoria, South Africa Front cover illustration by Lina Stamer

Understanding market failures in an economic development context

Dr Shawn Cunningham

Foreword by the author

This publication is the completion of a process that I started with the late Dr J?rg Meyer-Stamer in 2008. Sadly, J?rg passed away in May 2009 before we could do much work on this specific publication. We agreed to hold back this project so that I could finish the research for my PhD that looked into market failures.

One of my and J?rg's favourite topics for discussion was market failures. We both brought very different experiences and perspectives to this debate, and my academic research benefited greatly from the debates and coaching from J?rg. We frequently presented sessions together at training events which were important opportunities for us to further refine and synchronise our thinking. In many parts of this publication I have used some of the texts that we developed together, but in the interim I have also gained some additional insights.

The completion of this publication is one small task on a to-do list which I started in 2005. Future publications will revisit the use of the Systemic Competitiveness framework to diagnose and address market failures. This publication is targeted at practitioners who are working in and around the field of market development. It should not be seen as an introduction, but more as a technical publication directed at people who are trying to solve problems in a practical way based on a deeper understanding of market system. In many instances I have decided to cite only references to the many gurus who have done so much work on this topic before me. After the last chapter I have provided a list of popular books that readers can consult if they wish to read more about the phenomenon of markets and their role in societies.

Dr Shawn Cunningham

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