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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Economic security in an agrarian community
Author:Mtika, Mike Njalayawo
Year:2013
Periodical:Africa Development: A Quarterly Journal of CODESRIA (ISSN 0850-3907)
Volume:38
Issue:1-2
Pages:1-24
Language:English
Geographic term:Malawi
Subjects:community development
entrepreneurs
food production
External links:https://www.ajol.info/index.php/ad/article/view/99534
https://www.jstor.org/stable/afrdevafrdev.38.1-2.1
Abstract:Free-market capitalism creates wealth on the one hand, but is disempowering and produces widespread poverty, inequality, and human despair on the other hand; for the masses, it generates economic insecurity. A main reason for this is that free market capitalism operates from an exogenous perspective; it is guided by marginal utility and marginal productivity. What is needed is capitalism that integrates endogenous and exogenous processes. This paper puts forward a wealth generation approach that advances what is termed community entrepreneurship. It draws upon the community entrepreneurship initiative being implemented in the Zowe community development programme located in northern Malawi. This community entrepreneurship process is both exogenous and endogenous in that it focuses on (a) building entrepreneurial knowledge, skills, and capacity in communities and (b) propagating innovative, creative, and responsible behaviour in the way people make a living. The paper focuses on the food processing unit (FPU) which was initiated in October of 2006. It concludes that following both endogenous and exogenous economic principles is one way for agrarian societies to attain economic security. Bibliogr., notes, sum. in English and French. [Journal abstract, edited]
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