Eleni Zaude Gabre-Madhin
Books by Eleni Zaude Gabre-Madhin
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Market institutions, transaction costs, and social capital in the Ethiopian grain market
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Market Institutions, Transaction Costs, and Social Capital in the Ethiopian Grain Market (Research Report (International Food Policy Research Institute), 124.)
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Quotes by Eleni Zaude Gabre-Madhin
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Like its agriculture, Africa's markets are highly under-capitalized and inefficient. We know from our work around the continent that transaction costs of reaching the market, and the risks of transacting in rural, agriculture markets, are extremely high. In fact, only one third of agricultural output produced in Africa even reaches the market.
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