How Markets Work: The Case of Developing Countries

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This presentation briefly describes how markets work in developing countries.

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  • Labour is abundant – usually
  • How Markets Work: The Case of Developing Countries

    1. 1. How Markets Work? The Case of Developing Countries Dr. Vaqar AhmedSustainable Development Policy Institute 1
    2. 2. Outline• Markets: developed Vs. developing countries• What markets want?• 10 bullets that govern markets – In developing countries• Result 2
    3. 3. Markets: developed Vs. developing countries• Security• Rule of law• Property titles• Contract enforcement 3
    4. 4. What markets want?• Security of assets and profits• Growth• Certainty – Of rules 4
    5. 5. 10 bullets that govern markets(case of developing countries) 5
    6. 6. 1. Borrowing of ideas 6
    7. 7. 2. Borrowing of Capital 7
    8. 8. 3. Put capital to use 8
    9. 9. 4. Search for biggest client - government 9
    10. 10. 5. Turn formal 10
    11. 11. 6. Initiate tea party with rent seekers 11
    12. 12. 7. Work on playing tax, labor and customs regime 12
    13. 13. 8. Diversify in consumption goods 13
    14. 14. 9. Get investment and trade licenses from government – gain monopolistic powers 14
    15. 15. 10. Go Open  Trade Internationally 15
    16. 16. ResultMarkets in developing countries are: • Closed to poor • Lacking level playing field • Prohibiting graduation of small and medium enterprises • Distorting production and consumption • Adversely affecting global trade 16
    17. 17. Thank You vaqar@sdpi.orgwww.sdpi.org, www.sdpi.tv 17

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