Why have informal enterprise networks failed to promote economic development in Africa? Although social networks were thought to offer a solution to state incapacity and market failure, the proliferation of socially embedded enterprise networks across Africa has generated disorder and economic decline rather than development. This book challenges the prevailing assumption that the problem of African development lies in bad cultural institutions by showing that informal economic governance in Nigeria is shaped, not just by culture, but by the disruptive effects of rapid liberalization, state...