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Date:6/19/2008

were not willing to pay the high prices. Minten finds that the local markets operate at very low margins and carry local foods of widely varying quality largely untouched by modern agriculture, both of which would be unacceptable to a multinational company.

According to Minten, "it thus seems that agriculture for local consumption in poor countries will be largely bypassed by the global food retail revolution." If the chains do survive in poorer countries, they will likely remain exclusively the domain of the middle classes, especially so in the poorest African countries.


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Contact: Rudy Faust
rfaust@press.uchicago.edu
773-834-0386
University of Chicago Press Journals
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