The colonial legacy

Recent institutional change in Uganda is the outcome of a dynamic process involving a conflictual relationship between external and domestic groups and classes involving a continuous struggle for control over the state and productive assets. The discontinuity and speed of this process has been a function of the technological gap between foreign and domestic systems which existed at the end of the nineteenth century. The new expatriate ruling class officials, soldiers, traders and missionaries...

The History Of The Foreign Loans Origins Distribution And Politics

Historically, foreign capital inflows took the form of portfolio investment (see Table 15.1), a situation dating from the national uprising against Turkey. The financial insolvency of the Greek state was systematically exploited by the Powers. National sovereignty was thus undermined in military and constitutional matters. Upon the formal declaration of independence with the 1832 Treaty of London, the three protecting powers the United Kingdom, France and Russia arranged for Rothschilds to...

State And The Economy In Indonesia From Predatory To Developmental State

Successive Indonesian governments since the late nineteenth century can be depicted as struggling to redirect taxation, expenditure and regulatory policies away from essentially predatory concerns with revenue extraction, towards more broadly based development concerns. The first watershed occurred in 1901 with the inauguration of the Ethical Policy. This led to a change in the economic role of government, a change which was manifested in a considerable increase in expenditure in per capita...

The Cost And Utilisation Of Labour

The constant complaint of cocoa planters scattered round the globe in this period was that unskilled labour was expensive and in short supply, although this was also a frequent complaint of smallholders. The crucial difference in response was that planters were able, at least in some cases, to resort to coercion on a large scale. This sometimes involved the authorities conniving at the continuation of slavery and the slave trade, most notably between the Portuguese colonies of Angola and Sao...

Type Ii State Failures

Why should the executive branch of any state not introduce growth-increasing rights After all, even a predatory state could benefit from growth. The failure to change institutions to improve net social benefits is Type II state failure or transition failure. Explanations of Type II failure can be classified under three heads. The first looks at the objectives of the political leadership and in particular their time horizon compared to that of society. The second concentrates on errors of...

Introduction The Nature Of Markets

'The market' is conventionally seen as perfectly competitive. It is operationalised as an atomistic realm of impersonal economic exchange of homogeneous goods by means of voluntary transactions on an equal basis between large numbers of autonomous, fully informed entities with profit-maximising behavioural motivations and able to enter and leave freely. It is the supreme medium for the expression of individual choice Hodgson 1988 178 . Models of other stylised market structures monopoly,...

Microlevel Application Of The Nie To Development Policy

What are the implications of the NIE for development analysis and policy They can be divided into two broad categories the grand theory of the role of institutions in development, elaborated further below in the next section, and the application of NIE concepts to specific micro-level problems, which are featured in this section. Transaction costs analysis applied at the microlevel is used to elucidate contractual phenomena, to explain why some contracts exist and others do not and why the...