Notes on historical perspectives of traditional markets and market authority in African systems: evidence From Nigeria

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Abstract

This chapter provides an insightful exploration into the often neglected narratives within isolated African markets, with a specific focus on Nigeria. Contrary to the prevailing belief that traditional market systems are outdated, this study argues for their enduring relevance in fostering economic development in the region. By delving into the unique dynamics and historical context of Nigerian markets, this chapter challenges conventional perspectives and offers a fresh perspective on the continued importance of traditional market systems. It unveils the intricate web of market relationships that have nurtured economic activities, showcasing the adaptability and endurance of these markets amidst changing circumstances. Ultimately, this chapter underscores the vital role of Nigerian markets in fostering economic development, highlighting their potential as engines of growth and agents of change within the African context.
Original languageEnglish
Title of host publicationContextualising African Studies
Subtitle of host publicationChallenges and the Way Forward
EditorsChristian Harrison, Kingsley Obi Omeihe
Place of PublicationLeeds
PublisherEmerald Publishing Limited
Pages153-167
Number of pages15
ISBN (Electronic)9781804553381
ISBN (Print)9781804553398
DOIs
Publication statusPublished - 12 Dec 2023

Publication series

NameNew Frontiers in African Business and Society
PublisherEmerald Publishing Ltd

Keywords

  • traditional market systems
  • Nigerian markets
  • economic development
  • market authority
  • sociocultural mechanisms
  • African institutions

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