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 Contrary to the prevailing belief that traditional market systems are outdated, this study argues for their enduring relevance in fostering economic development in the region.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 language | English |
|---|---|
| Title of host publication | Contextualising African Studies |
| Subtitle of host publication | Challenges and the Way Forward |
| Editors | Christian Harrison, Kingsley Obi Omeihe |
| Place of Publication | Leeds |
| Publisher | Emerald Publishing Limited |
| Pages | 153-167 |
| Number of pages | 15 |
| ISBN (Electronic) | 9781804553381 |
| ISBN (Print) | 9781804553398 |
| DOIs | |
| Publication status | Published - 12 Dec 2023 |
Publication series
| Name | New Frontiers in African Business and Society |
|---|---|
| Publisher | Emerald Publishing Ltd |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
Keywords
- traditional market systems
- Nigerian markets
- economic development
- market authority
- sociocultural mechanisms
- African institutions
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