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Building Inclusive Markets in Rural Bangladesh : How Intermediaries Work Institutional Voids
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In this article, the authors uncover institutional voids as the source of market exclusion and identify two sets of activities: redefining market architecture and legitimizing new actors as critical for building "inclusive" markets.Abstract:
Much effort goes into building markets as a tool for economic and social development, often overlooking that in too many places social exclusion and poverty prevent many, especially women, from participating in and accessing markets. Building on data from rural Bangladesh and analyzing the work of a prominent intermediary organization, we uncover institutional voids as the source of market exclusion and identify two sets of activities – redefining market architecture and legitimating new actors – as critical for building ‘inclusive' markets. We expose voids as ‘analytical spaces' and illustrate how they result from conflict and contradiction among institutional ‘bits and pieces' from local political, community, and religious spheres. Our findings put forward a perspective on market building that highlights the ‘on the ground' dynamics and attends to the ‘institutions at play', to their consequences, and to a more diverse set of ‘inhabitants' of institutions.read more
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References
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Doing Bad by Doing Good? Theft and Abuse by Lenders in the Microfinance Markets of Uganda
TL;DR: In this paper, the authors argue that common micro-finance-lending methodologies that allow lenders to collateralize loans and unilaterally collect this security create opportunities for malicious lenders to steal from clients in good standing.
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Strategic responses to extreme institutional challenges: An MNE case study in the Palestinian mobile phone sector
TL;DR: In this paper, the authors analyse strategies in circumstances that combine all these negative challenges, including violence, voids and institutional barriers imposed by three different governments, but also the liability of foreignness and its associated uncertainties.
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Navigating Input and Output Legitimacy in Multi-Stakeholder Initiatives: Institutional Stewards at Work
TL;DR: In this paper, the authors argue that there is a potential tension between input and output legitimacy in multi-stakeholder initiatives (MSIs), and they find that, under the right conditions, a relatively small group of motivated actors may be willing to undertake the cost and labor of building and maintaining the MSI.
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Social entrepreneurship and CSR theory: insights, application and value
David Littlewood,Diane Holt +1 more
TL;DR: In this paper, two key Corporate Social Responsibility (CSR) theories, stakeholder theory and Carroll's CSR pyramid, are analyzed. And they are adapted for a social enterprise context, before presenting a revised stakeholders theory of the social enterprise.
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