Market Systems Development (MSD) – also known as Making Market Work for the Poor (M4P) or Inclusive Systems Approach – is an overarching approach being used mostly in private and financial sector development as well as labour markets including vocational skills development. Moreover, MSD is increasingly applied to other thematic fields like governance, water and infrastructure, environment, health, policy and science. The approach provides a set of principles, frameworks, and good practices that guide the analysis of market systems and development interventions, which bring about socially inclusive and pro-poor change. Drawing from adaptive management principles, the approach can help new or ongoing activities become more effective by strategically thinking through questions related to sustainability, scale and impact.
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BEAM Exchange - a platform for knowledge exchange and learning about the role of markets in poverty reduction.
This short, jargon-free video explains what the market systems approach is all about: how it differs from conventional aid, and how it can be used to help create widespread and lasting improvements in incomes, access to jobs, products and services for millions of people living in poverty.Find the English, French and Spanish version below.