Markets and Trust

In a lovely piece on her blog, an engineer documents her experience working for Engineers Without Borders in Zambia. This segment from one of her posts documents markets and trust in a nutshell. The final paragraph is a quote she takes from William Easterly's recent book, White Man's Burden.

Markets and trust.

Local field workers are at the front lines of development projects. They are the ones who are ultimately responsible for translating those great ideas - seeming panaceas for poverty - into meaningful impact.

Problem is, big time donors, who are wildly excited about the great-idea-of-the-moment, expect big time results from these field workers, not just by now, but by

Expectations like that cannot be met in the blink of an eye. This project may be about getting more money down to farmers, but it takes a lot of time and concerted effort to get money to flow in a system that is completely devoid of any semblance of trust.

Functional markets are built on trust. Think about it: You implicitly trust that you’ll get the perfect non-fat, extra-hot, half-sweet venti chai latte from the stranger behind the counter mere seconds after you order it (at least I do). The barista, in turn, trusts that you will front the cash before you indulge in your afternoon pick-me-up.

Small holder farmers, however, have never been able to trust seed suppliers to offer reliable products and services, and vegetable buyers have never been able to trust small holders to supply a reasonable quantity and quality of produce. There is zero
institutional trust.

[L]ow income societies have less trust than rich societies….What is important is the radius of trust. Do you trust only the members of your immediate family? Or does the circle widen to include your extended family, or your clan, or your village, or your ethnic group, or all the way to strangers? In a low-trust society, you trust your friends and family, but nobody else. (William Easterly, White Man’s Burden)


  1. Buying under valued stocks can not only help garner substantial profits in the future but also downplays the risk involved as you’d not be spending a fortune on buying the stocks. Thanks!!
    trading platforms reviews

  2. eToro is the #1 forex trading platform for newbie and pro traders.

  3. Market is one of the fundamental places in history. Commodities markets are the source of growth and success of any country. That's why such markets are so changeable and have such a huge influence on the modern economies. Would you like to start earning money on this market? Start from the search of a trustful CFD’s broker at, a professional Forex reviews website. Start trading with someone you can trust!

  4. Most accurate Forex signals provider is Hot Forex Signal. Get Forex signals service via Email, Skype, Whatsapp, Telegram and so more. Hot Forex Signal provides 2 type services. 1st service is Forex signals and 2nd Service Forex Trade Copier. Follow their trial service and make a large amount of profit within a very short time. If you interest let visit - buy forex signals.

  5. Hay, saya micle hobi saya bermain di Situs Casino Online Terbaru yang dapat menghibur hari-hari saya. Ayo ikut join dan gabung bareng aku:v


  6. Dominobet 7 game judi online dalam 1 akun
    Domino99 bank online 24jam dengan pelayanan terbaik
    AudiDomino tunggu apalagi buruan join dengan website judi online terpercaya

  7. Bonus yang diberikan Pokervit :
    * Bonus rollingan 0.5%,setiap Jum'at di bagikannya
    * Bonus Refferal 10%,seumur hidup
    * Bonus Deposit Member Baru 20%
    * Bonus Jackpot, yang dapat anda dapatkan dengan mudah
    * Minimal Depo 10.000
    * Minimal WD 50.000

    Cara Login Poker IDNPlay
    Login IDN Poker