In this article, we describe our journey through the creation and development of the stream of subsistence marketplaces, summarize our learning, and discuss implications at the intersection of the field of Marketing and poverty alleviation. Distinct from macro level economic research in impoverished contexts, or mid-level approaches, such as the base of the pyramid (BOP) approach in business strategy, this approach is rooted at the micro-level, enabling bottom up understanding of buyer and seller. The term, subsistence marketplaces, reflects understanding these contexts in their own right, not just as markets to sell to, but as individuals, communities, consumers, entrepreneurs, and marketplaces to learn from. We greatly appreciate the important conversation about the role of the marketing discipline in poverty alleviation reflected in some MGDR articles Kotler 2016, 2017;Karnani 2017). In this article, we describe our journey through the creation and development of the stream of subsistence marketplaces, summarize our learning, and discuss implications at the intersection of the field of Marketing and poverty alleviation. We organize the article by beginning with data, that is, our experiences of the past two decades, then summarizing the learning, and drawing implications.
OverviewWe have pioneered the area of subsistence marketplaces, creating unique synergies between research, teaching, and social initiatives 1 . Distinct from macro level economic research in impoverished contexts, or mid-level approaches, such as the base of the pyramid (BOP) approach in business strategy and marketing theory (see, e.g., Yurdakul, Atik and Dholakia 2017), this approach is rooted at the micro-level, enabling bottom up understanding of buyer and seller behaviors (Viswanathan and Rosa 2007). This micro-level perspective aims to enable subsistence marketplaces to move toward being ecologically, economically, and socially sustainable. The term, subsistence marketplaces, reflects understanding these contexts in their own right, not just as markets to sell to, but as individuals, communities, consumers, entrepreneurs, and marketplaces to learn from. This bottom-up approach beginning at the micro level is both very difficult to enact and has been neglected by different sectors such as business, government, and development/non-profit entities.The coinage of the term, subsistence marketplaces, was deliberate -to bring out the qualitative nature of life circumstances through the term, subsistence, and to emphasize the importance of understanding preexisting marketplaces before designing solutions. Marketplaces (the arena where exchanges happen; "any sphere considered as a place where ideas, thoughts, artistic creations, etc., compete for recognition"; from Dictionary-dot-com -http://www.dictionary.com/browse/marketplace ), rather than markets (as in demand or customers for products; "A demand for a particular 1 http://www.business.illinois.edu/subsistence 1 Viswanathan and Sreekumar: Subsistence MarketplacesPublished by Digit...