The “Daisy Duke” criterion

posted by
August 22, 2011
Let A Thousand Nations Bloom
by Z Caceres  
Posted in Commentary

"The study of informal markets and development has shown, time and time again, that people will adjust their lives to the incentives of their institutional environment. For instance, slum relocation efforts have been thwarted when people rent out subsidized suburban apartments and return to the cardboard shanties at the city center. Community ties, the proximity to their place of work, and access to credit and arbitration (often informal and community based) are powerful attracting forces." (08/21/11)  

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