Cross-border trade and the parallel currency market - trade and finance in the context of structural adjustment : a case study from Kano, Nigeria
Year: 1999
Type: report
Abstract: A "new regionalism" is gathering pace in West Africa, underpinned by the growing activities of informal cross-border traders. The authors of this study challenge the assumptions of the World Bank that the expansion in informal cross-border trade is a vindication of the market liberalising thrust of structural adjustment, and that adjustment policies have, in an organic manner, improved the effectiveness of an "independent" bourgeoisie that is emerging out of this trade as an agent of regional integration. Instead, they make the case for the adoption of what they call a "development approach" for tapping the benefits of the informal currency markets, as an alternative to the "market coercion" of structural adjustment.
Authors: Yahaya Hashim, Kate Meagher
Language: English
Subfield: Development
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W266252122